Janus Henderson Group PLC Takes Position in Lineage, Inc. (NASDAQ:LINE)

Janus Henderson Group PLC acquired a new stake in Lineage, Inc. (NASDAQ:LINE) during the third quarter, HoldingsChannel reports. The firm acquired 1,682,741 shares of the company’s stock, valued at approximately $131,875,000.

A number of other hedge funds have also made changes to their positions in LINE. Holocene Advisors LP purchased a new position in Lineage during the 3rd quarter worth approximately $16,962,000. Centiva Capital LP purchased a new position in Lineage during the 3rd quarter worth approximately $355,000. Bamco Inc. NY purchased a new position in Lineage during the 3rd quarter worth approximately $20,475,000. TOMS Capital Investment Management LP purchased a new position in Lineage during the 3rd quarter worth approximately $15,676,000. Finally, Maverick Capital Ltd. purchased a new position in Lineage during the 3rd quarter worth approximately $27,433,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LINE. Wells Fargo & Company raised their price target on Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Piper Sandler started coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $102.00 target price on the stock. Royal Bank of Canada lowered their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Evercore ISI lowered their target price on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, Truist Financial started coverage on Lineage in a research note on Monday, August 19th. They issued a “buy” rating and a $94.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.75.

Lineage Price Performance

LINE opened at $62.76 on Thursday. The company has a 50 day simple moving average of $71.57. Lineage, Inc. has a 12 month low of $61.75 and a 12 month high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, equities research analysts predict that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.