DAVENPORT & Co LLC Has $57.31 Million Stock Holdings in Americold Realty Trust Inc. $COLD

DAVENPORT & Co LLC raised its stake in Americold Realty Trust Inc. (NYSE:COLD) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,456,206 shares of the company’s stock after purchasing an additional 1,271,562 shares during the quarter. DAVENPORT & Co LLC’s holdings in Americold Realty Trust were worth $57,307,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Pensionfund Sabic bought a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $607,000. Pensionfund PDN bought a new position in shares of Americold Realty Trust in the fourth quarter valued at $1,209,000. SG Americas Securities LLC bought a new position in shares of Americold Realty Trust in the fourth quarter valued at $10,118,000. JPMorgan Chase & Co. increased its holdings in Americold Realty Trust by 97.5% during the third quarter. JPMorgan Chase & Co. now owns 1,691,567 shares of the company’s stock worth $20,705,000 after buying an additional 835,135 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Americold Realty Trust during the third quarter worth $2,568,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays dropped their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Scotiabank raised shares of Americold Realty Trust to a “hold” rating in a report on Wednesday, March 11th. Truist Financial cut their target price on shares of Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Evercore set a $14.00 price target on Americold Realty Trust in a report on Friday, February 20th. Finally, Bank of America downgraded Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $14.39.

Americold Realty Trust Trading Up 0.5%

COLD stock opened at $11.33 on Wednesday. Americold Realty Trust Inc. has a one year low of $10.10 and a one year high of $22.03. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -28.32, a price-to-earnings-growth ratio of 3.90 and a beta of 0.89. The company has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $12.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.68). The company had revenue of $658.45 million during the quarter, compared to the consensus estimate of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. Americold Realty Trust’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Americold Realty Trust’s dividend payout ratio is currently -230.00%.

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.