Wellington Management Group LLP Purchases Shares of 570,192 Americold Realty Trust Inc. $COLD

Key Points

• Wellington Management Group acquired 570,192 shares of Americold Realty Trust during the second quarter, worth approximately $8.96 million. Institutional investors collectively own 98.14% of the company.
• Analysts maintain a consensus “Hold” rating, with a consensus price target of $15.63. Recent target increases ranged from $13 to $17, while the stock opened at $14.01.
• Americold reported quarterly revenue of $662.89 million, exceeding estimates, while earnings were $0.35 per share. The company declared a quarterly dividend of $0.23, equivalent to a 6.6% annualized yield.

Wellington Management Group LLP bought a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 570,192 shares of the company's stock, valued at approximately $8,963,000. Wellington Management Group LLP owned 0.20% of Americold Realty Trust at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Empowered Funds LLC purchased a new stake in Americold Realty Trust in the second quarter valued at approximately $396,000. United Capital Financial Advisors LLC purchased a new stake in shares of Americold Realty Trust during the 2nd quarter valued at $196,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth $6,418,000. Corient Private Wealth LP purchased a new position in shares of Americold Realty Trust in the 2nd quarter worth $664,000. Finally, Bank of America Corp DE purchased a new position in shares of Americold Realty Trust in the 2nd quarter worth $48,141,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on COLD shares. Barclays upped their price target on Americold Realty Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 15th. Piper Sandler raised their price target on shares of Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. UBS Group lifted their price target on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. KeyCorp reissued an "overweight" rating on shares of Americold Realty Trust in a research report on Monday, August 10th. Finally, Bank of America upgraded shares of Americold Realty Trust from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $15.00 to $16.00 in a report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.63.

Americold Realty Trust Trading Down 1.5%

NYSE COLD opened at $14.01 on Wednesday. The stock has a market cap of $4.00 billion, a P/E ratio of -8.81 and a beta of 0.98. The company's fifty day simple moving average is $15.02 and its 200-day simple moving average is $13.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a 52 week low of $10.10 and a 52 week high of $16.88.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $613.54 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The firm's quarterly 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. Equities research analysts predict that Americold Realty Trust Inc. will post 1.15 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.92 annualized dividend and a dividend yield of 6.6%. Americold Realty Trust's payout ratio is -57.86%.

About Americold Realty Trust

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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