Connor Clark & Lunn Investment Management Ltd. Invests $3.78 Million in Americold Realty Trust Inc. $COLD

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD) during the second quarter, HoldingsChannel reports. The fund acquired 240,726 shares of the company’s stock, valued at approximately $3,784,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SummitTX Capital L.P. bought a new position in shares of Americold Realty Trust in the first quarter valued at approximately $1,065,000. Norges Bank bought a new stake in Americold Realty Trust during the 4th quarter worth approximately $152,684,000. Advisors Capital Management LLC purchased a new stake in Americold Realty Trust in the 2nd quarter worth approximately $19,858,000. D.A. Davidson & CO. purchased a new stake in Americold Realty Trust in the 4th quarter worth approximately $1,923,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Americold Realty Trust by 104.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 143,971 shares of the company’s stock valued at $1,650,000 after purchasing an additional 73,496 shares during the period. Institutional investors own 98.14% of the company’s stock.

Analyst Ratings Changes

COLD has been the subject of a number of recent analyst reports. Robert W. Baird set a $15.00 price target on shares of Americold Realty Trust in a research report on Friday, May 8th. Scotiabank lifted their price objective on Americold Realty Trust from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Piper Sandler upped 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. DA Davidson set a $16.00 price target on Americold Realty Trust in a report on Tuesday, August 18th. Finally, Citigroup lifted their price target on Americold Realty Trust from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.63.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $15.09 on Friday. The firm’s fifty day moving average price is $15.11 and its 200-day moving average price is $13.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $4.31 billion, a P/E ratio of -9.49 and a beta of 0.97. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (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 net margin of 17.44% and a negative return on equity of 16.14%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts expect that Americold Realty Trust Inc. will post 1.15 earnings per share for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is presently -57.86%.

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.