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

DAVENPORT & Co LLC grew its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,456,206 shares of the company’s stock after buying an additional 1,271,562 shares during the period. DAVENPORT & Co LLC owned approximately 1.56% of Americold Realty Trust worth $57,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Americold Realty Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock worth $45,025,000 after acquiring an additional 626,160 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Americold Realty Trust in the first quarter worth about $240,000. Jane Street Group LLC raised its position in shares of Americold Realty Trust by 8.7% during the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock worth $1,531,000 after purchasing an additional 5,693 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Americold Realty Trust by 110.0% during the second quarter. PNC Financial Services Group Inc. now owns 7,328 shares of the company’s stock worth $122,000 after purchasing an additional 3,838 shares during the period. Finally, Creative Planning lifted its holdings in shares of Americold Realty Trust by 25.8% during the 2nd quarter. Creative Planning now owns 58,573 shares of the company’s stock valued at $974,000 after purchasing an additional 12,004 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.5%

NYSE:COLD opened at $11.33 on Wednesday. The company has a market cap of $3.23 billion, a P/E ratio of -28.32, a price-to-earnings-growth ratio of 3.90 and a beta of 0.89. Americold Realty Trust Inc. has a twelve month low of $10.10 and a twelve month high of $22.03. The business has a 50 day moving average price of $12.58 and a two-hundred day moving average price of $12.50. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.68). The business had revenue of $658.45 million during the quarter, compared to analyst estimates of $654.55 million. Americold Realty Trust had a negative net margin of 4.40% and a negative return on equity of 3.71%. During the same quarter last year, the business earned $0.37 earnings per share. Americold Realty Trust’s revenue for the quarter 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. As a group, analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 8.1%. Americold Realty Trust’s payout ratio is -230.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on COLD. Scotiabank raised Americold Realty Trust to a “hold” rating in a research note on Wednesday, March 11th. UBS Group lifted their price target on shares of Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Barclays reduced their price target on shares of Americold Realty Trust from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Robert W. Baird restated a “neutral” rating and set a $13.00 price objective (down from $16.00) on shares of Americold Realty Trust in a report on Thursday, December 18th. Finally, Compass Point initiated coverage on shares of Americold Realty Trust in a research report on Wednesday, March 18th. They issued a “buy” rating and a $14.50 price objective on the stock. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.39.

Americold Realty Trust 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.