Amundi Trims Stock Position in Americold Realty Trust, Inc. (NYSE:COLD)

Amundi trimmed its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,857 shares of the company’s stock after selling 20,020 shares during the period. Amundi owned 0.08% of Americold Realty Trust worth $4,549,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of COLD. Arizona State Retirement System boosted its position in Americold Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 78,343 shares of the company’s stock valued at $1,677,000 after acquiring an additional 644 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV boosted its position in shares of Americold Realty Trust by 12.8% in the 3rd quarter. KBC Group NV now owns 7,452 shares of the company’s stock worth $211,000 after purchasing an additional 845 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after buying an additional 882 shares during the last quarter. Finally, Assetmark Inc. increased its position in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

COLD stock opened at $21.39 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. Americold Realty Trust, Inc. has a 1 year low of $20.41 and a 1 year high of $30.45. The company has a market cap of $6.08 billion, a P/E ratio of -62.90, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The stock’s fifty day moving average price is $21.73 and its 200-day moving average price is $24.04.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The business had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. On average, equities analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.22 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a yield of 4.12%. Americold Realty Trust’s payout ratio is presently -258.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on COLD shares. 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 note on Thursday, December 5th. Citigroup reduced their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Scotiabank raised their price target on shares of Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, March 10th. Finally, Raymond James lowered their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.