Lineage, Inc. (LINE) To Go Ex-Dividend on June 30th

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.5325 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lineage Trading Up 3.3%

Shares of Lineage stock opened at $44.02 on Friday. 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 firm has a market cap of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88. Lineage has a 52-week low of $31.33 and a 52-week high of $45.69. The company’s 50-day simple moving average is $40.38 and its 200-day simple moving average is $37.72.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.Lineage’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, equities research analysts anticipate that Lineage will post 2.44 earnings per share for the current year.

Institutional Trading of Lineage

Several institutional investors have recently made changes to their positions in LINE. Norges Bank acquired a new stake in Lineage in the 4th quarter valued at $482,255,000. Darlington Partners Capital Management LP raised its position in Lineage by 45.5% in 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 purchasing an additional 1,605,810 shares during the period. Morgan Stanley lifted its stake in shares of Lineage by 378.6% during 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 in the last quarter. Bank of America Corp DE lifted its stake in shares of Lineage by 712.1% during the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after purchasing an additional 3,165,593 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Lineage by 4.0% in the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after buying an additional 120,616 shares during the period.

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.