Oppenheimer Asset Management Inc. boosted its stake in shares of AmeriCold Realty Trust (NYSE:COLD) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,362 shares of the company’s stock after acquiring an additional 429 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in AmeriCold Realty Trust were worth $336,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank acquired a new position in AmeriCold Realty Trust during the second quarter worth $28,000. FNY Investment Advisers LLC acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at $81,000. World Asset Management Inc acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at $204,000. Janney Montgomery Scott LLC acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at $221,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of AmeriCold Realty Trust in the second quarter valued at $243,000.
COLD stock traded up $0.31 during midday trading on Thursday, reaching $35.51. The stock had a trading volume of 51,065 shares, compared to its average volume of 2,193,074. The business has a fifty day simple moving average of $35.33 and a two-hundred day simple moving average of $32.52. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.89 and a beta of 0.67. AmeriCold Realty Trust has a twelve month low of $23.28 and a twelve month high of $37.39.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.20 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. AmeriCold Realty Trust’s payout ratio is 67.80%.
COLD has been the subject of a number of research reports. ValuEngine lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird raised their target price on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their target price on AmeriCold Realty Trust from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America restated a “buy” rating and issued a $37.00 target price on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th. Finally, Citigroup initiated coverage on AmeriCold Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.31.
In other news, Director Kelly Hefner Barrett acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $34.96 per share, for a total transaction of $209,760.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.
AmeriCold Realty Trust 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.
See Also: Earnings Per Share
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