Border to Coast Pensions Partnership Ltd Makes New Investment in Lineage, Inc. $LINE

Border to Coast Pensions Partnership Ltd bought a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $1,643,000.

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted 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 buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares during the last quarter. Vanderbilt University grew its holdings in Lineage by 4.1% in the 1st quarter. Vanderbilt University now owns 10,925 shares of the company’s stock valued at $358,000 after buying an additional 431 shares in the last quarter. Allworth Financial LP grew its holdings in Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Lineage by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock worth $70,000 after acquiring an additional 502 shares during the last quarter.

Lineage Stock Performance

Shares of Lineage stock opened at $44.02 on Friday. The firm has a market cap of $10.02 billion, a PE ratio of -70.99 and a beta of 0.88. 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, Inc. has a 52 week low of $31.33 and a 52 week high of $45.69. The business’s fifty day simple moving average is $40.38 and its 200-day simple moving average is $37.72.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.86 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts forecast that Lineage, Inc. will post 2.44 earnings per share for the current year.

Lineage Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their price target on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Citigroup upped their price objective on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Wednesday. Scotiabank reaffirmed a “sector perform” rating and set a $45.00 target price on shares of Lineage in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Lineage 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.