Barclays PLC Acquires New Shares in Lineage, Inc. (NASDAQ:LINE)

Barclays PLC bought a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 177,703 shares of the company's stock, valued at approximately $13,928,000. Barclays PLC owned about 0.08% of Lineage at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Lineage during the 3rd quarter worth approximately $658,000. Perpetual Ltd purchased a new stake in shares of Lineage during the third quarter valued at $324,000. Renaissance Capital LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $5,209,000. Vontobel Holding Ltd. purchased a new position in Lineage in the 3rd quarter worth $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Lineage during the 3rd quarter worth about $3,582,000.

Lineage Stock Down 1.2 %

Shares of Lineage stock traded down $0.77 on Monday, reaching $61.25. The company's stock had a trading volume of 1,582,929 shares, compared to its average volume of 1,343,910. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The business has a 50-day simple moving average of $68.91. Lineage, Inc. has a 52-week low of $60.84 and a 52-week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.75 EPS. Lineage's revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, December 31st.

Analyst Ratings Changes

Several brokerages have recently issued reports on LINE. Truist Financial initiated coverage on Lineage in a research note on Monday, August 19th. They issued a "buy" rating and a $94.00 price objective for the company. KeyCorp started coverage on shares of Lineage in a report on Monday, August 19th. They issued an "overweight" rating and a $92.00 price objective on the stock. UBS Group began coverage on shares of Lineage in a report on Monday, August 19th. They set a "neutral" rating and a $88.00 target price for the company. The Goldman Sachs Group lowered their price target on shares of Lineage from $104.00 to $89.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company increased their price target on Lineage from $86.00 to $89.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.63.

Lineage Company Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.