Hsbc Holdings PLC Purchases 19,915 Shares of Lineage, Inc. $LINE

Hsbc Holdings PLC grew its position in shares of Lineage, Inc. (NASDAQ:LINE) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,467 shares of the company’s stock after purchasing an additional 19,915 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Lineage worth $4,181,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Lineage during the 4th quarter valued at $482,255,000. Morgan Stanley lifted its stake in Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares during the last quarter. Darlington Partners Capital Management LP boosted its position in Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after buying an additional 1,605,810 shares during the period. AQR Capital Management LLC boosted its position in Lineage by 636.1% during the fourth quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after buying an additional 1,149,686 shares during the period. Finally, Barclays PLC grew its stake in shares of Lineage by 8,719.8% during the third quarter. Barclays PLC now owns 1,022,125 shares of the company’s stock valued at $39,495,000 after buying an additional 1,010,536 shares during the last quarter.

Lineage Price Performance

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

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. Analysts anticipate that Lineage, Inc. will post 2.44 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank Of Canada lifted their price target on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Citigroup increased their price objective on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Zacks Research upgraded shares of Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research note on Wednesday. Finally, Morgan Stanley upped their price target on shares of Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.