Larson Financial Group LLC Purchases New Position in Lineage, Inc. (NASDAQ:LINE)

Larson Financial Group LLC acquired a new position in Lineage, Inc. (NASDAQ:LINE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 429 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in shares of Lineage in the 3rd quarter valued at about $176,790,000. Principal Financial Group Inc. purchased a new stake in shares of Lineage in the third quarter valued at approximately $173,115,000. Baillie Gifford & Co. acquired a new position in shares of Lineage during the 3rd quarter worth approximately $134,351,000. Seven Grand Managers LLC purchased a new position in shares of Lineage during the 3rd quarter valued at approximately $24,298,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Lineage in the 3rd quarter valued at $23,893,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Baird R W upgraded shares of Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Capital One Financial began coverage on shares of Lineage in a research note on Monday, September 16th. They issued an “overweight” rating and a $91.00 price target on the stock. Evercore ISI cut their price objective on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Lineage in a research report on Monday, August 19th. They issued a “hold” rating and a $90.00 target price on the stock. Finally, UBS Group assumed coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $88.00 price target for the company. 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, Lineage currently has a consensus rating of “Moderate Buy” and an average price target of $90.75.

Lineage Price Performance

Shares of LINE opened at $63.42 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $72.26. Lineage, Inc. has a 12-month low of $62.50 and a 12-month high of $89.85.

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

Lineage Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were given a $0.38 dividend. 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.