Hsbc Holdings PLC Boosts Stock Position in Lineage, Inc. $LINE

Hsbc Holdings PLC lifted its stake in Lineage, Inc. (NASDAQ:LINE) by 20.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 119,467 shares of the company’s stock after purchasing an additional 19,915 shares during the period. Hsbc Holdings PLC’s holdings in Lineage were worth $4,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LINE. EverSource Wealth Advisors LLC raised its stake in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares during the period. Rothschild Investment LLC boosted its stake in Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the period. Allworth Financial LP grew its holdings in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares in the last quarter. Aew Capital Management L P purchased a new position in Lineage during the 4th quarter valued at about $42,000. Finally, Caitlin John LLC increased its position in shares of Lineage by 88.4% during the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock valued at $53,000 after buying an additional 707 shares during the period.

Analysts Set New Price Targets

LINE has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Evercore set a $44.00 price objective on shares of Lineage in a research note on Monday, June 8th. Piper Sandler decreased their target price on shares of Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company lowered their target price on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Lineage presently has an average rating of “Hold” and a consensus price target of $41.62.

Lineage Trading Up 1.6%

Shares of LINE opened at $43.98 on Friday. Lineage, Inc. has a 1-year low of $31.33 and a 1-year high of $45.75. The company has a market capitalization of $10.01 billion, a P/E ratio of -70.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The firm’s 50 day simple moving average is $41.68 and its 200 day simple moving average is $38.27.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Sell-side analysts forecast that Lineage, Inc. will post 2.44 earnings per share for the current fiscal year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Lineage’s payout ratio is currently -343.55%.

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.