Rockefeller Capital Management L.P. Grows Position in Lineage, Inc. $LINE

Rockefeller Capital Management L.P. boosted its position in shares of Lineage, Inc. (NASDAQ:LINE) by 53.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 158,378 shares of the company’s stock after acquiring an additional 55,469 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Lineage were worth $5,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted 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 during the period. Rothschild Investment LLC increased its holdings in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Caitlin John LLC purchased a new stake in Lineage in the 3rd quarter valued at $31,000. Allworth Financial LP raised its position 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 purchasing an additional 485 shares during the last quarter. Finally, Aew Capital Management L P acquired a new stake in Lineage during the 4th quarter worth $42,000.

Lineage Trading Up 3.3%

Shares of Lineage stock 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 has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company’s 50-day simple moving average is $40.38 and its 200-day simple moving average is $37.72. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88.

Lineage (NASDAQ:LINE) last announced 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. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, equities research analysts anticipate that Lineage, Inc. will post 2.45 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.5325 per share. 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 dividend payout ratio is -343.55%.

Analyst Ratings Changes

Several brokerages have issued reports on LINE. Barclays raised their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Truist Financial upped their price objective on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Compass Point assumed coverage on Lineage in a research report on Wednesday, March 18th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Lineage presently has an average rating of “Hold” and an average target price 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.