Segall Bryant & Hamill LLC Acquires New Stake in Americold Realty Trust Inc. $COLD

Segall Bryant & Hamill LLC acquired a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD) in the first quarter, HoldingsChannel reports. The firm acquired 47,813 shares of the company’s stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TBH Global Asset Management LLC bought a new stake in Americold Realty Trust during the 4th quarter valued at about $1,163,000. Cambiar Investors LLC grew its stake in Americold Realty Trust by 47.6% in the 4th quarter. Cambiar Investors LLC now owns 452,272 shares of the company’s stock worth $5,816,000 after acquiring an additional 145,940 shares in the last quarter. Oak Thistle LLC increased its position in shares of Americold Realty Trust by 1,061.2% during the fourth quarter. Oak Thistle LLC now owns 134,109 shares of the company’s stock worth $1,725,000 after acquiring an additional 122,560 shares during the period. Bayhunt Capital LLC bought a new stake in shares of Americold Realty Trust during the fourth quarter valued at approximately $8,419,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Americold Realty Trust in the third quarter valued at approximately $2,568,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on COLD. UBS Group raised their price objective on Americold Realty Trust from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Royal Bank Of Canada increased their price target on Americold Realty Trust from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 26th. Robert W. Baird set a $15.00 price objective on Americold Realty Trust in a report on Friday, May 8th. Scotiabank set a $15.00 price objective on shares of Americold Realty Trust in a research note on Friday, July 24th. Finally, Barclays increased their target price on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.25.

Americold Realty Trust Stock Down 1.2%

Americold Realty Trust stock opened at $14.01 on Thursday. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88. The business has a fifty day moving average price of $15.03 and a 200-day moving average price of $13.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -35.91 and a beta of 0.97.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.33. Americold Realty Trust had a negative return on equity of 3.73% and a negative net margin of 4.29%.The company had revenue of $629.87 million for the quarter, compared to analyst estimates of $613.77 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Americold Realty Trust Inc. will post 1.15 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Americold Realty Trust’s dividend payout ratio (DPR) is currently -235.90%.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.