SG Americas Securities LLC Boosts Stake in Lineage, Inc. $LINE

SG Americas Securities LLC lifted its position in Lineage, Inc. (NASDAQ:LINE) by 64.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 429,978 shares of the company’s stock after acquiring an additional 168,107 shares during the period. SG Americas Securities LLC’s holdings in Lineage were worth $14,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LINE. EverSource Wealth Advisors LLC boosted its position in shares of Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC raised its holdings in Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares in the last quarter. Caitlin John LLC bought a new position in Lineage in the third quarter worth $31,000. Allworth Financial LP lifted its position in Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the period. Finally, Aew Capital Management L P purchased a new position in Lineage during the fourth quarter valued at $42,000.

Lineage Trading Up 3.3%

Lineage stock opened at $44.02 on Friday. Lineage, Inc. has a 12 month low of $31.33 and a 12 month high of $45.69. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88. The business’s fifty day simple moving average is $40.38 and its two-hundred day simple moving average is $37.72. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate 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 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, equities analysts predict that Lineage, Inc. will post 2.45 earnings per share for the current fiscal year.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th will be given a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a 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

LINE has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Scotiabank reissued a “sector perform” rating and set a $45.00 price target on shares of Lineage in a research report on Thursday, June 18th. Barclays boosted their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a report on Wednesday. Finally, Compass Point began coverage on shares of Lineage in a research note on Wednesday, March 18th. They set a “buy” rating and a $47.00 target price for the company. 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 stock. According to data from MarketBeat.com, the stock currently 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.