Border to Coast Pensions Partnership Ltd Invests $1.64 Million in Lineage, Inc. $LINE

Border to Coast Pensions Partnership Ltd acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company’s stock, valued at approximately $1,643,000.

Several other hedge funds have also recently bought and sold shares of LINE. Norges Bank purchased a new position in Lineage during the 4th quarter valued at about $482,255,000. Morgan Stanley increased its stake in 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 during the period. Darlington Partners Capital Management LP increased its stake 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 worth $198,332,000 after purchasing an additional 1,605,810 shares during the period. AQR Capital Management LLC increased its stake in Lineage by 636.1% during the fourth quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock worth $46,273,000 after purchasing an additional 1,149,686 shares during the period. Finally, Barclays PLC lifted its position 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 worth $39,495,000 after purchasing an additional 1,010,536 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Lineage from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Compass Point started coverage on shares of Lineage in a report on Wednesday, March 18th. They set a “buy” rating and a $47.00 target price on the stock. Scotiabank reissued a “sector perform” rating and issued a $45.00 price target on shares of Lineage in a research report on Thursday, June 18th. Wells Fargo & Company decreased their price target on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Barclays boosted their price target 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. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Lineage presently has a consensus rating of “Hold” and a consensus target price of $44.12.

Lineage Stock Up 3.3%

LINE stock opened at $44.02 on Friday. The company’s 50 day moving average price is $40.38 and its 200 day moving average price is $37.72. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.69. 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, equities research analysts anticipate that Lineage, Inc. will post 2.44 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders 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 dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Lineage’s payout ratio is -343.55%.

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.