BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Stock Position in Lineage, Inc. $LINE

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in Lineage, Inc. (NASDAQ:LINE) by 54.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,807 shares of the company’s stock after selling 85,618 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Lineage were worth $2,736,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LINE. Royal Bank of Canada raised its position in Lineage by 15.2% in the first quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock worth $290,000 after acquiring an additional 653 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Lineage in the 1st quarter worth $886,000. Millennium Management LLC raised its holdings in Lineage by 197.0% in the 1st quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock worth $16,916,000 after purchasing an additional 191,362 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Lineage by 24.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,684 shares of the company’s stock worth $247,000 after purchasing an additional 1,134 shares during the period. Finally, Ethic Inc. purchased a new position in Lineage during the second quarter valued at $403,000.

Lineage Trading Up 6.5%

Shares of Lineage stock opened at $39.00 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. Lineage, Inc. has a twelve month low of $32.46 and a twelve month high of $62.30. The business has a 50-day moving average price of $36.18 and a 200-day moving average price of $38.00. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of -49.37 and a beta of -0.19.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is currently -267.09%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LINE shares. JPMorgan Chase & Co. decreased their price objective on Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, November 14th. UBS Group reduced their target price on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. 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. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $39.00 target price (down previously from $45.00) on shares of Lineage in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $42.06.

Lineage Company Profile

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.