Lineage, Inc. $LINE Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 8,719.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,022,125 shares of the company’s stock after purchasing an additional 1,010,536 shares during the quarter. Barclays PLC owned approximately 0.45% of Lineage worth $39,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LINE. Norges Bank purchased a new stake in shares of Lineage during the second quarter worth about $606,642,000. Darlington Partners Capital Management LP lifted its stake in shares of Lineage by 5.2% during the 2nd quarter. Darlington Partners Capital Management LP now owns 3,527,000 shares of the company’s stock worth $153,495,000 after purchasing an additional 175,000 shares during the period. State Street Corp boosted its holdings in shares of Lineage by 8.9% during the second quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after purchasing an additional 145,742 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lineage by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,353,478 shares of the company’s stock valued at $58,915,000 after purchasing an additional 59,781 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Lineage in the third quarter valued at $43,804,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Royal Bank Of Canada boosted their target price on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Morgan Stanley dropped their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 16th. Truist Financial increased their price target on shares of Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Piper Sandler lifted their price target on shares of Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $43.00.

Lineage Trading Up 0.4%

Shares of LINE stock opened at $39.16 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $61.01. The firm’s 50 day moving average price is $37.40 and its two-hundred day moving average price is $37.81. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of -91.07 and a beta of -0.42.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.83 EPS. Lineage’s revenue was down .2% on a year-over-year basis. On average, analysts anticipate that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were given a $0.5275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.4%. Lineage’s dividend payout ratio is presently -490.70%.

About Lineage

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.