Oak Thistle LLC Takes $391,000 Position in Lineage, Inc. (NASDAQ:LINE)

Oak Thistle LLC purchased a new position in Lineage, Inc. (NASDAQ:LINE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,669 shares of the company’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Lineage during the 3rd quarter worth approximately $265,895,000. Victory Capital Management Inc. bought a new stake in shares of Lineage in the third quarter worth $176,790,000. Principal Financial Group Inc. acquired a new stake in Lineage in the third quarter valued at $173,115,000. Baillie Gifford & Co. bought a new position in Lineage during the 3rd quarter valued at $134,351,000. Finally, Janus Henderson Group PLC acquired a new position in Lineage during the 3rd quarter worth $131,875,000.

Lineage Price Performance

Shares of LINE stock opened at $57.41 on Friday. Lineage, Inc. has a 12-month low of $52.75 and a 12-month high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The business has a 50 day simple moving average of $61.20.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that Lineage, Inc. will post 2.33 EPS for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders 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 dividend yield of 3.68%.

Analyst Upgrades and Downgrades

LINE has been the topic of several research analyst reports. Mizuho reduced their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. BNP Paribas initiated coverage on Lineage in a report on Tuesday. They issued a “neutral” rating and a $61.00 price target for the company. The Goldman Sachs Group dropped their price target on Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Scotiabank lowered their target price on shares of Lineage from $94.00 to $76.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lineage has a consensus rating of “Moderate Buy” and a consensus target price of $85.76.

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.