Canada Pension Plan Investment Board purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,051,165 shares of the company’s stock, valued at approximately $126,564,000.
A number of other institutional investors have also modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of Americold Realty Trust during the second quarter valued at approximately $22,993,000. The Manufacturers Life Insurance Company purchased a new stake in Americold Realty Trust in the 2nd quarter worth approximately $1,175,000. Cetera Trust Company N.A acquired a new position in Americold Realty Trust in the 2nd quarter valued at $130,000. Algert Global LLC raised its holdings in Americold Realty Trust by 1,161.5% in the 2nd quarter. Algert Global LLC now owns 444,333 shares of the company’s stock valued at $6,985,000 after acquiring an additional 409,110 shares during the last quarter. Finally, Cibc World Market Inc. purchased a new position in shares of Americold Realty Trust during the 2nd quarter worth $817,000. Institutional investors and hedge funds own 98.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on COLD. Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. Robert W. Baird set a $15.00 price target on Americold Realty Trust in a research note on Friday, May 8th. Piper Sandler lifted their price target on Americold Realty Trust from $13.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Citigroup raised their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.63.
Americold Realty Trust Price Performance
Shares of Americold Realty Trust stock opened at $15.33 on Thursday. The business’s fifty day moving average price is $15.07 and its 200 day moving average price is $13.75. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $4.38 billion, a P/E ratio of -9.64 and a beta of 0.97.
Americold Realty Trust (NYSE:COLD – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The company had revenue of $662.89 million during the quarter, compared to analyst estimates of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. As a group, research analysts anticipate that Americold Realty Trust Inc. will post 1.15 earnings per share for the current 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.
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