Convergence Investment Partners LLC Takes Position in AmeriCold Realty Trust (NYSE:COLD)

Convergence Investment Partners LLC acquired a new stake in AmeriCold Realty Trust (NYSE:COLD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,942 shares of the company’s stock, valued at approximately $724,000.

Other large investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new stake in shares of AmeriCold Realty Trust in the 1st quarter valued at $1,524,000. Exane Derivatives bought a new position in AmeriCold Realty Trust during the second quarter worth $126,000. BNP Paribas Arbitrage SA boosted its stake in AmeriCold Realty Trust by 36.0% during the first quarter. BNP Paribas Arbitrage SA now owns 29,588 shares of the company’s stock worth $1,007,000 after acquiring an additional 7,840 shares in the last quarter. AXA boosted its stake in AmeriCold Realty Trust by 57.1% during the first quarter. AXA now owns 665,812 shares of the company’s stock worth $22,664,000 after acquiring an additional 242,063 shares in the last quarter. Finally, Nvwm LLC boosted its stake in AmeriCold Realty Trust by 3.4% during the first quarter. Nvwm LLC now owns 18,516 shares of the company’s stock worth $634,000 after acquiring an additional 617 shares in the last quarter.

Several research analysts recently issued reports on COLD shares. Raymond James increased their target price on shares of AmeriCold Realty Trust from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Zacks Investment Research raised shares of AmeriCold Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Bank of America raised shares of AmeriCold Realty Trust from a “neutral” rating to a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $39.00 target price on shares of AmeriCold Realty Trust in a research note on Thursday, May 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $38.14.

COLD remained flat at $$40.35 during trading on Friday. 1,447,716 shares of the company’s stock traded hands, compared to its average volume of 1,208,199. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $36.82 and its 200 day moving average price is $34.47. AmeriCold Realty Trust has a 1 year low of $23.30 and a 1 year high of $40.79. The company has a market cap of $8.08 billion, a PE ratio of 106.18, a P/E/G ratio of 4.39 and a beta of 0.14.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.18). AmeriCold Realty Trust had a return on equity of 4.04% and a net margin of 4.07%. The business had revenue of $484.07 million for the quarter, compared to analyst estimates of $477.40 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, research analysts expect that AmeriCold Realty Trust will post 1.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. AmeriCold Realty Trust’s dividend payout ratio is currently 71.79%.

About AmeriCold Realty Trust

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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Institutional Ownership by Quarter for AmeriCold Realty Trust (NYSE:COLD)

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