William Blair Investment Management LLC Invests $12.93 Million in Americold Realty Trust Inc. $COLD

Key Points

• William Blair Investment Management acquired 822,464 shares of Americold Realty Trust worth approximately $12.93 million, giving it a 0.29% stake. Institutional investors and hedge funds collectively own 98.14% of the company.
• Analyst sentiment is mixed, with four Buy, nine Hold, and three Sell ratings; the consensus rating is Hold with an average price target of $15.63.
• Americold reported quarterly revenue of $662.89 million, above analysts’ $613.54 million estimate, while EPS came in at $0.35. Revenue increased 1.9% year over year, but the company posted negative net margin and return on equity.

William Blair Investment Management LLC bought a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 822,464 shares of the company's stock, valued at approximately $12,929,000. William Blair Investment Management LLC owned 0.29% of Americold Realty Trust at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Americold Realty Trust in the 4th quarter valued at $26,000. Geneos Wealth Management Inc. lifted its holdings in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company's stock worth $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 third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company's stock worth $30,000 after buying an additional 948 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Americold Realty Trust by 51.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,786 shares of the company's stock valued at $36,000 after acquiring an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Americold Realty Trust by 106.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,781 shares of the company's stock valued at $36,000 after acquiring an additional 1,432 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COLD has been the subject of a number of recent research reports. KeyCorp reissued an "overweight" rating on shares of Americold Realty Trust in a report on Monday, August 10th. Robert W. Baird set a $15.00 target price on shares of Americold Realty Trust in a report on Friday, May 8th. Scotiabank lifted their price target on shares of Americold Realty Trust from $15.00 to $16.00 and gave the company a "sector perform" rating in a research report on Thursday, August 13th. Piper Sandler boosted their price target on Americold Realty Trust from $13.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Finally, Evercore restated an "outperform" rating and set a $19.00 price objective on shares of Americold Realty Trust in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Americold Realty Trust has an average rating of "Hold" and an average price target of $15.63.

Americold Realty Trust Trading Up 1.5%

Shares of Americold Realty Trust stock opened at $15.24 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $16.88. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of -9.58 and a beta of 0.97. The firm's 50-day moving average price is $15.01 and its two-hundred day moving average price is $13.69.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.35 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 company had revenue of $662.89 million during the quarter, compared to analysts' expectations of $613.54 million. During the same period in the previous year, the company earned $0.36 EPS. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts forecast that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source