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

Hsbc Holdings PLC lifted its position in shares of Lineage, Inc. (NASDAQ:LINE) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,467 shares of the company’s stock after purchasing an additional 19,915 shares during the period. Hsbc Holdings PLC owned 0.05% of Lineage worth $4,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Lineage by 15.2% in the 1st quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after buying an additional 653 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Lineage in the 1st quarter worth approximately $886,000. Millennium Management LLC boosted its stake in shares of Lineage by 197.0% in the 1st quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock worth $16,916,000 after buying an additional 191,362 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Lineage by 15.5% in the 2nd quarter. Invesco Ltd. now owns 148,086 shares of the company’s stock worth $6,445,000 after buying an additional 19,927 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LINE. 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. Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 19th. Scotiabank reaffirmed a “sector perform” rating and set a $45.00 target price on shares of Lineage in a research report on Thursday, June 18th. Evercore set a $44.00 target price on Lineage in a research note on Monday, June 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.62.

Lineage Stock Up 1.6%

LINE stock opened at $43.98 on Friday. The stock has a fifty day moving average of $41.68 and a 200-day moving average of $38.27. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.75. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of -70.93 and a beta of 0.85. 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 for 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 period in the previous year, the business posted $0.86 EPS. As a group, equities research analysts predict that Lineage, Inc. will post 2.44 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders 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 annualized dividend and a dividend yield of 4.8%. Lineage’s payout ratio is -343.55%.

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.