JPMorgan Chase & Co. Boosts Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

JPMorgan Chase & Co. increased its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272,052 shares of the company's stock after purchasing an additional 48,525 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Americold Realty Trust worth $35,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company's stock worth $39,936,000 after purchasing an additional 123,776 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock worth $110,255,000 after acquiring an additional 165,667 shares during the period. Franklin Resources Inc. boosted its holdings in Americold Realty Trust by 14.4% in the third quarter. Franklin Resources Inc. now owns 245,110 shares of the company's stock valued at $6,564,000 after acquiring an additional 30,831 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its position in Americold Realty Trust by 231.7% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 73,540 shares of the company's stock valued at $2,079,000 after purchasing an additional 51,372 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Americold Realty Trust during the 3rd quarter valued at approximately $8,370,000. Institutional investors own 98.14% of the company's stock.

Insider Activity at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

Americold Realty Trust Trading Down 1.3 %

COLD stock traded down $0.29 on Tuesday, reaching $21.33. The company's stock had a trading volume of 2,075,247 shares, compared to its average volume of 1,642,910. The firm has a market cap of $6.06 billion, a PE ratio of -21.12, a PEG ratio of 1.80 and a beta of 0.61. The business has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $26.14. Americold Realty Trust, Inc. has a 12-month low of $20.98 and a 12-month high of $30.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm's revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. As a group, research analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.13%. Americold Realty Trust's payout ratio is currently -87.13%.

Analysts Set New Price Targets

Several research firms recently issued reports on COLD. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, November 13th. Truist Financial cut their target price on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Scotiabank lowered their target price on Americold Realty Trust from $31.00 to $27.00 and set a "sector outperform" rating for the company in a report on Tuesday, December 10th. Robert W. Baird dropped their price target on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, Raymond James lowered their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.