William Blair Investment Management LLC Lowers Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

William Blair Investment Management LLC cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,426,365 shares of the company’s stock after selling 115,975 shares during the period. William Blair Investment Management LLC’s holdings in Americold Realty Trust were worth $35,545,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new stake in shares of Americold Realty Trust during the 3rd quarter worth approximately $2,277,000. American Century Companies Inc. raised its holdings in shares of Americold Realty Trust by 75.4% during the 3rd quarter. American Century Companies Inc. now owns 1,132,735 shares of the company’s stock worth $34,446,000 after acquiring an additional 487,005 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Americold Realty Trust by 4.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 30,989 shares of the company’s stock worth $949,000 after acquiring an additional 1,426 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Americold Realty Trust by 38.2% during the 3rd quarter. Citigroup Inc. now owns 121,249 shares of the company’s stock worth $3,687,000 after acquiring an additional 33,518 shares in the last quarter. Finally, Pasadena Private Wealth LLC raised its holdings in shares of Americold Realty Trust by 2.5% during the 4th quarter. Pasadena Private Wealth LLC now owns 185,716 shares of the company’s stock worth $5,622,000 after acquiring an additional 4,459 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Up 1.1 %

Shares of COLD traded up $0.32 during midday trading on Wednesday, reaching $28.42. 2,742,050 shares of the stock were exchanged, compared to its average volume of 2,366,467. Americold Realty Trust, Inc. has a 52 week low of $21.87 and a 52 week high of $33.90. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $25.88 and its two-hundred day moving average is $26.02. The company has a market capitalization of $8.07 billion, a P/E ratio of -24.29, a PEG ratio of 1.95 and a beta of 0.59.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, June 28th. Americold Realty Trust’s payout ratio is -75.21%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COLD. JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Wednesday, June 26th. KeyCorp cut their target price on Americold Realty Trust from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Barclays boosted their target price on Americold Realty Trust from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Wells Fargo & Company assumed coverage on Americold Realty Trust in a research report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price objective on the stock. Finally, Wolfe Research raised Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $30.60.

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.