Neuberger Berman Group LLC lessened its holdings in AmeriCold Realty Trust (NYSE:COLD) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,931,131 shares of the company’s stock after selling 73,343 shares during the period. Neuberger Berman Group LLC owned about 1.93% of AmeriCold Realty Trust worth $142,750,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB acquired a new position in shares of AmeriCold Realty Trust during the second quarter worth $1,227,000. Stephens Inc. AR raised its position in AmeriCold Realty Trust by 18.2% in the second quarter. Stephens Inc. AR now owns 28,198 shares of the company’s stock valued at $1,024,000 after purchasing an additional 4,351 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of AmeriCold Realty Trust by 5.7% during the second quarter. WCM Investment Management LLC now owns 200,758 shares of the company’s stock worth $7,288,000 after purchasing an additional 10,908 shares during the last quarter. California State Teachers Retirement System raised its holdings in AmeriCold Realty Trust by 3.9% in the 2nd quarter. California State Teachers Retirement System now owns 337,615 shares of the company’s stock valued at $12,255,000 after buying an additional 12,595 shares during the last quarter. Finally, Exencial Wealth Advisors LLC acquired a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $4,804,000.
In other news, insider David Keith Stuver sold 10,294 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $39.02, for a total value of $401,671.88. Also, EVP Robert Scott Chambers sold 9,632 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $38.80, for a total transaction of $373,721.60. 0.42% of the stock is currently owned by company insiders.
Shares of NYSE COLD traded down $0.31 during trading on Wednesday, hitting $36.69. 58,165 shares of the company traded hands, compared to its average volume of 852,351. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.26 and a current ratio of 0.26. The business’s fifty day moving average is $38.74 and its 200 day moving average is $35.20. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 72.96, a P/E/G ratio of 3.19 and a beta of 0.11. AmeriCold Realty Trust has a fifty-two week low of $23.30 and a fifty-two week high of $41.29.
AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.17). AmeriCold Realty Trust had a net margin of 5.42% and a return on equity of 5.32%. The firm had revenue of $482.50 million during the quarter, compared to analyst estimates of $487.81 million. During the same period last year, the business posted $0.31 EPS. The company’s revenue was up 10.0% on a year-over-year basis. On average, analysts predict that AmeriCold Realty Trust will post 1.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, September 29th. AmeriCold Realty Trust’s payout ratio is presently 71.79%.
A number of equities analysts have recently commented on COLD shares. Berenberg Bank upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Thursday, August 13th. Raymond James raised their price objective on AmeriCold Realty Trust from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Zacks Investment Research lowered shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. AmeriCold Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $39.71.
AmeriCold Realty Trust Company 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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