Hsbc Holdings PLC Increases Holdings in Lineage, Inc. $LINE

Hsbc Holdings PLC boosted its holdings in Lineage, Inc. (NASDAQ:LINE) by 20.0% in the 4th quarter, HoldingsChannel reports. The firm owned 119,467 shares of the company’s stock after purchasing an additional 19,915 shares during the quarter. Hsbc Holdings PLC’s holdings in Lineage were worth $4,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LINE. Public Employees Retirement System of Ohio increased its holdings in shares of Lineage by 1.6% in 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 last quarter. EverSource Wealth Advisors LLC increased its stake in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lineage by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after acquiring an additional 502 shares during the last quarter. Finally, Amundi grew its holdings in shares of Lineage by 1.5% in the third quarter. Amundi now owns 35,805 shares of the company’s stock valued at $1,481,000 after purchasing an additional 512 shares in the last quarter.

Lineage Stock Up 3.3%

Shares of NASDAQ:LINE opened at $44.02 on Friday. The business’s 50 day moving average is $40.38 and its 200 day moving average is $37.72. The stock has a market cap of $10.02 billion, a P/E ratio of -70.99 and a beta of 0.88. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $45.69. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

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

Lineage Dividend Announcement

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

Analysts Set New Price Targets

LINE has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Barclays lifted their price target on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Morgan Stanley raised their price objective on Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. Evercore set a $44.00 target price on Lineage in a research report on Monday, June 8th. Finally, Truist Financial lifted their price objective on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.12.

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.