Hsbc Holdings PLC Invests $6.26 Million in Lineage, Inc. $LINE

Hsbc Holdings PLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 144,790 shares of the company’s stock, valued at approximately $6,261,000. Hsbc Holdings PLC owned about 0.06% of Lineage as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its position in Lineage by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after purchasing an additional 350 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% in the second 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. Vanderbilt University lifted its stake in shares of Lineage by 4.1% in the first quarter. Vanderbilt University now owns 10,925 shares of the company’s stock worth $358,000 after buying an additional 431 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Lineage by 1.5% during the 3rd quarter. Amundi now owns 35,805 shares of the company’s stock worth $1,481,000 after buying an additional 512 shares during the period.

Lineage Trading Down 0.6%

Shares of LINE stock opened at $39.32 on Friday. The firm has a market capitalization of $8.95 billion, a P/E ratio of -54.61 and a beta of 0.85. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $45.75. The firm’s fifty day simple moving average is $42.40 and its 200 day simple moving average is $39.84. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 EPS. As a group, sell-side analysts predict that Lineage, Inc. will post 2.51 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were paid a $0.5325 dividend. This represents a $2.13 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, June 30th. Lineage’s dividend payout ratio (DPR) is presently -295.83%.

Insider Buying and Selling at Lineage

In other news, CFO Robb A. Lemasters bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $41.33 per share, with a total value of $826,600.00. Following the completion of the transaction, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This represents a 67.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 71.60% of the company’s stock.

Wall Street Analysts Forecast Growth

LINE has been the topic of several recent analyst reports. Mizuho upgraded shares of Lineage from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. Morgan Stanley upped their price target on shares of Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Piper Sandler lowered their price target on Lineage from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $53.00 price objective on Lineage in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price objective on Lineage from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.07.

Lineage 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.