BlackRock Inc. purchased a new position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,317,857 shares of the company's stock, valued at approximately $350,837,000. BlackRock Inc. owned 7.82% of Americold Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriflex Group Inc. acquired a new stake in Americold Realty Trust during the fourth quarter worth about $26,000. Geneos Wealth Management Inc. raised its position in shares of Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock valued at $27,000 after buying an additional 806 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Americold Realty Trust by 63.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company's stock worth $30,000 after acquiring an additional 948 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Americold Realty Trust by 51.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company's stock worth $36,000 after acquiring an additional 942 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Americold Realty Trust by 106.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company's stock worth $36,000 after acquiring an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on COLD. Robert W. Baird set a $15.00 target price on Americold Realty Trust in a report on Friday, May 8th. Citigroup raised their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Scotiabank boosted their target price on Americold Realty Trust from $15.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 13th. Royal Bank Of Canada restated a "sector perform" rating and issued a $16.00 price target on shares of Americold Realty Trust in a research note on Monday, August 17th. Finally, Piper Sandler raised their target price on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.63.
Get Our Latest Analysis on Americold Realty Trust
Americold Realty Trust Stock Up 2.7%
Shares of NYSE COLD opened at $15.53 on Wednesday. Americold Realty Trust Inc. has a 1 year low of $10.10 and a 1 year high of $16.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $4.43 billion, a PE ratio of -9.76 and a beta of 0.97. The company has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $13.73.
Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The firm had revenue of $662.89 million during the quarter, compared to analysts' expectations of $613.54 million. During the same period in the prior year, the company posted $0.36 EPS. The company's revenue was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, research analysts forecast that Americold Realty Trust Inc. will post 1.15 EPS for the current year.
About Americold Realty Trust
(
Free Report)
Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients' cold chain operations and help ensure product quality and safety from origin to point of consumption.
With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world's largest publicly traded cold storage providers.
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Want to see what other hedge funds are holding COLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Americold Realty Trust Inc. (NYSE:COLD - Free Report).
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