BlackRock Inc. Buys Shares of 22,317,857 Americold Realty Trust Inc. $COLD

BlackRock Inc. purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,317,857 shares of the company’s stock, valued at approximately $350,837,000. BlackRock Inc. owned about 0.08% of Americold Realty Trust as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of COLD. Ameriflex Group Inc. acquired a new stake in shares of Americold Realty Trust during the fourth quarter worth $26,000. Geneos Wealth Management Inc. raised its stake in 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 during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Americold Realty Trust by 63.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,446 shares of the company’s stock valued at $30,000 after buying an additional 948 shares during the period. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 942 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 1,432 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson set a $16.00 price target on Americold Realty Trust in a report on Tuesday, August 18th. Wells Fargo & Company boosted their price objective on Americold Realty Trust from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 target price on shares of Americold Realty Trust in a research report on Monday, August 17th. Scotiabank raised 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. Finally, Piper Sandler raised their target price on Americold Realty Trust from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.63.

Americold Realty Trust Stock Up 2.7%

Americold Realty Trust stock opened at $15.53 on Wednesday. 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 firm’s fifty day moving average is $15.04 and its 200 day moving average is $13.73. The company has a market capitalization of $4.43 billion, a PE ratio of -9.76 and a beta of 0.97.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $662.89 million for the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. Americold Realty Trust’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts predict that Americold Realty Trust Inc. will post 1.15 EPS for the current fiscal year.

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.