Galvin Gaustad & Stein LLC purchased a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 159,426 shares of the company's stock, valued at approximately $9,338,000. Galvin Gaustad & Stein LLC owned approximately 0.07% of Lineage at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LINE. Van ECK Associates Corp purchased a new stake in shares of Lineage in the 3rd quarter worth approximately $833,000. TOMS Capital Investment Management LP acquired a new stake in shares of Lineage during the 3rd quarter worth approximately $15,676,000. Sequoia Financial Advisors LLC purchased a new position in shares of Lineage during the 3rd quarter valued at approximately $23,893,000. Nicola Wealth Management LTD. purchased a new position in Lineage in the 3rd quarter valued at $658,000. Finally, JPMorgan Chase & Co. acquired a new position in Lineage during the third quarter worth $12,542,000.
Analysts Set New Price Targets
LINE has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Evercore ISI cut their price target on Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Lineage from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Robert W. Baird reduced their price objective on Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, BNP Paribas started coverage on Lineage in a report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 target price on the stock. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $85.06.
Read Our Latest Report on Lineage
Lineage Stock Performance
NASDAQ:LINE traded down $0.14 on Thursday, reaching $59.83. 912,475 shares of the stock traded hands, compared to its average volume of 825,377. Lineage, Inc. has a 1-year low of $52.75 and a 1-year high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The firm has a 50 day moving average of $60.43.
Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. Research analysts anticipate that Lineage, Inc. will post 2.33 earnings per share for the current year.
Lineage Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a $0.5275 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.53%.
About Lineage
(
Free Report)
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.
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