Hsbc Holdings PLC Has $5.78 Million Position in Lineage, Inc. $LINE

Hsbc Holdings PLC increased its position in shares of Lineage, Inc. (NASDAQ:LINE) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,652 shares of the company’s stock after buying an additional 57,185 shares during the quarter. Hsbc Holdings PLC’s holdings in Lineage were worth $5,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Lineage in the 4th quarter worth approximately $482,255,000. Darlington Partners Capital Management LP increased its position in shares of Lineage by 45.5% during 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 increased its position in shares of Lineage by 378.6% during the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after purchasing an additional 3,968,958 shares during the period. State Street Corp raised its stake in shares of Lineage by 8.9% in the second quarter. State Street Corp now owns 1,780,270 shares of the company’s stock valued at $78,402,000 after purchasing an additional 145,742 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Lineage by 27.8% in the fourth quarter. Geode Capital Management LLC now owns 1,459,422 shares of the company’s stock valued at $51,086,000 after purchasing an additional 317,646 shares in the last quarter.

Lineage Stock Performance

Lineage stock opened at $40.95 on Friday. The firm has a market capitalization of $9.32 billion, a P/E ratio of -66.05 and a beta of 0.85. The stock has a fifty day moving average price of $42.68 and a two-hundred day moving average price of $38.88. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, analysts anticipate that Lineage, Inc. will post 2.44 EPS for the current fiscal year.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were given a $0.5325 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 dividend on an annualized basis and a yield of 5.2%. Lineage’s payout ratio is -343.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore set a $44.00 price target on shares of Lineage in a research note on Monday, June 8th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research note on Wednesday, June 24th. Morgan Stanley raised their price objective on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Barclays lifted their target price on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, Truist Financial increased their price target on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.94.

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.