Rockefeller Capital Management L.P. Raises Holdings in Lineage, Inc. $LINE

Rockefeller Capital Management L.P. increased its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 53.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,378 shares of the company’s stock after purchasing an additional 55,469 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of Lineage worth $5,543,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 362 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Lineage in the third quarter worth $31,000. Allworth Financial LP lifted its position in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after acquiring an additional 485 shares in the last quarter. Finally, Aew Capital Management L P purchased a new stake in shares of Lineage in the fourth quarter valued at $42,000.

Lineage Trading Up 3.3%

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

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts predict that Lineage, Inc. will post 2.45 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Wall Street Analysts Forecast Growth

LINE has been the subject of a number of recent research reports. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Wall Street Zen upgraded shares of Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Compass Point assumed coverage on shares of Lineage in a research note on Wednesday, March 18th. They set a “buy” rating and a $47.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Truist Financial boosted their price objective on shares of Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Lineage has a consensus rating of “Hold” and an average price target of $44.12.

Lineage Company 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.