Westpac Banking Corp Trims Stock Holdings in Americold Realty Trust Inc. $COLD

Westpac Banking Corp trimmed its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 47.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 49,532 shares of the company’s stock after selling 44,330 shares during the period. Westpac Banking Corp’s holdings in Americold Realty Trust were worth $606,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AGF Management Ltd. lifted its stake in shares of Americold Realty Trust by 49.2% in the second quarter. AGF Management Ltd. now owns 182,762 shares of the company’s stock valued at $3,039,000 after purchasing an additional 60,276 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of Americold Realty Trust during the third quarter valued at $485,000. Envestnet Asset Management Inc. lifted its holdings in Americold Realty Trust by 23.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 921,709 shares of the company’s stock valued at $11,282,000 after purchasing an additional 176,581 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Americold Realty Trust by 70.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 220,838 shares of the company’s stock worth $2,703,000 after purchasing an additional 90,912 shares during the last quarter. Finally, Cambiar Investors LLC grew its holdings in shares of Americold Realty Trust by 21.7% during the second quarter. Cambiar Investors LLC now owns 464,180 shares of the company’s stock worth $7,719,000 after buying an additional 82,783 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Americold Realty Trust Trading Up 3.6%

Shares of COLD stock opened at $13.60 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $23.52. The firm’s 50 day moving average price is $12.88 and its two-hundred day moving average price is $12.85. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -34.00, a price-to-earnings-growth ratio of 4.66 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 19th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.68). Americold Realty Trust had a negative return on equity of 3.64% and a negative net margin of 4.40%.The company had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a yield of 6.8%. Americold Realty Trust’s payout ratio is currently -230.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on COLD shares. Citigroup lifted their target price on shares of Americold Realty Trust from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company decreased their price objective on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Bank of America downgraded Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price objective for the company. in a research report on Thursday, February 5th. UBS Group increased their target price on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Finally, Scotiabank increased their price objective on shares of Americold Realty Trust from $12.00 to $14.00 and gave the stock a “sector perform” rating in a report on Friday, January 9th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.15.

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.