Charles Schwab Investment Management Inc. Has $110.26 Million Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Charles Schwab Investment Management Inc. increased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,900,054 shares of the company’s stock after purchasing an additional 165,667 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.37% of Americold Realty Trust worth $110,255,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after buying an additional 961 shares in the last quarter. GAMMA Investing LLC increased its holdings in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. increased its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Americold Realty Trust in the 2nd quarter valued at $85,000. Finally, Signaturefd LLC boosted its stake in Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after purchasing an additional 740 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

COLD has been the subject of a number of research reports. Robert W. Baird cut their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reduced 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 research report on Wednesday, November 13th. Scotiabank increased their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Truist Financial increased their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $30.55.

Americold Realty Trust Price Performance

Shares of COLD opened at $24.00 on Tuesday. The stock has a market cap of $6.82 billion, a P/E ratio of -23.76, a price-to-earnings-growth ratio of 1.81 and a beta of 0.61. Americold Realty Trust, Inc. has a 1 year low of $21.53 and a 1 year high of $30.92. The stock’s 50-day moving average price is $26.01 and its two-hundred day moving average price is $26.88. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) 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 analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, equities analysts predict that Americold Realty Trust, Inc. will post 1.39 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, September 30th. This represents a $0.88 annualized dividend and a yield of 3.67%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Americold Realty Trust Company Profile

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.