177,703 Shares in Lineage, Inc. (NASDAQ:LINE) Purchased by Barclays PLC

Barclays PLC bought a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, Holdings Channel.com reports. The fund bought 177,703 shares of the company’s stock, valued at approximately $13,928,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LINE. Wellington Management Group LLP purchased a new position in shares of Lineage during the 3rd quarter worth approximately $265,895,000. Victory Capital Management Inc. purchased a new position in Lineage during the third quarter worth $176,790,000. Principal Financial Group Inc. acquired a new position in shares of Lineage in the third quarter worth $173,115,000. Baillie Gifford & Co. acquired a new position in shares of Lineage in the third quarter worth $134,351,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Lineage in the third quarter valued at $131,875,000.

Lineage Stock Down 0.5 %

NASDAQ LINE opened at $62.02 on Monday. The company has a 50-day moving average price of $69.19. Lineage, Inc. has a 1-year low of $61.00 and a 1-year high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

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

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LINE shares. Capital One Financial began coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 price objective for the company. Royal Bank of Canada lowered their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. began coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $93.00 price objective for the company. Morgan Stanley initiated coverage on shares of Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lineage in a report on Monday, August 19th. They issued a “hold” rating and a $90.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lineage has an average rating of “Moderate Buy” and an average price target of $89.63.

Lineage 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.