Pacer Advisors Inc. raised its stake in AmeriCold Realty Trust (NYSE:COLD) by 66.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,480 shares of the company’s stock after buying an additional 11,814 shares during the period. Pacer Advisors Inc.’s holdings in AmeriCold Realty Trust were worth $1,093,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of COLD. Vanguard Group Inc. increased its stake in AmeriCold Realty Trust by 30.8% in the second quarter. Vanguard Group Inc. now owns 27,084,948 shares of the company’s stock valued at $878,095,000 after purchasing an additional 6,374,154 shares in the last quarter. Invesco Ltd. increased its holdings in AmeriCold Realty Trust by 4,454.8% during the 2nd quarter. Invesco Ltd. now owns 2,907,757 shares of the company’s stock worth $94,269,000 after acquiring an additional 2,843,918 shares during the period. Nuveen Asset Management LLC increased its holdings in AmeriCold Realty Trust by 343.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,312,550 shares of the company’s stock worth $107,394,000 after acquiring an additional 2,565,789 shares during the period. Brookfield Asset Management Inc. increased its holdings in AmeriCold Realty Trust by 56.5% during the 2nd quarter. Brookfield Asset Management Inc. now owns 6,146,252 shares of the company’s stock worth $199,261,000 after acquiring an additional 2,218,541 shares during the period. Finally, FMR LLC increased its holdings in AmeriCold Realty Trust by 51.9% during the 1st quarter. FMR LLC now owns 5,804,793 shares of the company’s stock worth $177,103,000 after acquiring an additional 1,983,188 shares during the period.
In related news, Director Kelly Hefner Barrett bought 6,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $34.96 per share, with a total value of $209,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.
A number of analysts recently weighed in on COLD shares. Robert W. Baird upped their target price on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Zacks Investment Research cut shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. ValuEngine cut shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America reaffirmed a “buy” rating and issued a $37.00 price objective on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AmeriCold Realty Trust from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.19.
NYSE:COLD traded down $2.09 on Friday, reaching $35.35. 5,209,462 shares of the stock traded hands, compared to its average volume of 2,129,876. AmeriCold Realty Trust has a 12 month low of $24.27 and a 12 month high of $40.42. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 3.12 and a beta of 0.67. The company’s fifty day simple moving average is $37.82 and its 200 day simple moving average is $34.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.
AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $466.18 million for the quarter, compared to the consensus estimate of $452.64 million. AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Equities analysts anticipate that AmeriCold Realty Trust will post 1.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, September 27th. AmeriCold Realty Trust’s payout ratio is 67.80%.
AmeriCold Realty Trust Profile
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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