Americold Realty Trust Inc. $COLD Stock: William Blair Investment Management LLC Grows Stake

William Blair Investment Management LLC raised its stake in Americold Realty Trust Inc. (NYSE:COLD) by 183.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,331,863 shares of the company’s stock after buying an additional 1,509,399 shares during the period. William Blair Investment Management LLC’s holdings in Americold Realty Trust were worth $32,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Americold Realty Trust by 51.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,222 shares of the company’s stock worth $48,000 after buying an additional 1,441 shares during the period. Basecamp Wealth Advisors LLC raised its position in shares of Americold Realty Trust by 726.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 4,296 shares of the company’s stock valued at $49,000 after acquiring an additional 3,776 shares during the period. GAMMA Investing LLC raised its position in shares of Americold Realty Trust by 79.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,834 shares of the company’s stock valued at $60,000 after acquiring an additional 1,699 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Americold Realty Trust in the 2nd quarter valued at approximately $75,000. Finally, Nykredit A S bought a new position in Americold Realty Trust during the 2nd quarter worth approximately $75,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COLD shares. Weiss Ratings restated a “sell (d)” rating on shares of Americold Realty Trust in a report on Wednesday, November 4th. Scotiabank upgraded shares of Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 target price on the stock in a report on Friday, October 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price target on shares of Americold Realty Trust in a research report on Monday, August 17th. UBS Group boosted their price target on shares of Americold Realty Trust from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $16.00 in a report on Tuesday, August 18th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Hold” and an average target price of $15.89.

Americold Realty Trust Stock Up 5.2%

Shares of Americold Realty Trust stock traded up $0.82 on Friday, hitting $16.73. The company had a trading volume of 6,209,465 shares, compared to its average volume of 4,806,948. The firm has a market capitalization of $4.78 billion, a P/E ratio of 20.15 and a beta of 0.93. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $16.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a 50-day moving average of $14.53 and a 200-day moving average of $13.93.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.37. Americold Realty Trust had a net margin of 9.03% and a return on equity of 8.44%. The company had revenue of $691.56 million during the quarter, compared to the consensus estimate of $640.82 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Americold Realty Trust Inc. will post 1.22 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.5%. Americold Realty Trust’s dividend payout ratio is presently 110.84%.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses. The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.