165,258 Shares in Lineage, Inc. $LINE Acquired by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 165,258 Lineage shares worth approximately $7.1 million, while other major institutions—including Norges Bank and BlackRock—also established or increased positions.
• Lineage reported quarterly EPS of $0.76, substantially above the analyst consensus loss estimate of $0.22, on revenue of $1.36 billion, up 0.8% year over year.
• The company paid a quarterly dividend of $0.5325 per share, equivalent to a 5.4% annualized yield, while analysts maintained a consensus “Hold” rating with an average price target of $44.07.

Caisse de depot et placement du Quebec bought a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 165,258 shares of the company's stock, valued at approximately $7,147,000. Caisse de depot et placement du Quebec owned 0.07% of Lineage as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Lineage in the 4th quarter worth $482,255,000. BlackRock Inc. bought a new position in Lineage during the 2nd quarter worth about $227,511,000. Morgan Stanley raised its stake in shares of Lineage by 378.6% in the 4th 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. Bank of America Corp DE raised its stake in shares of Lineage by 712.1% in the 1st quarter. Bank of America Corp DE now owns 3,610,123 shares of the company's stock valued at $118,268,000 after purchasing an additional 3,165,593 shares during the period. Finally, Darlington Partners Capital Management LP lifted its holdings in shares of Lineage by 45.5% in 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 in the last quarter.

Insiders Place Their Bets

In other Lineage news, CFO Robb A. Lemasters acquired 20,000 shares of the company's stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the purchase, the chief financial officer directly owned 49,500 shares of the company's stock, valued at approximately $2,045,835. This represents a 67.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 71.60% of the stock is currently owned by company insiders.

Lineage Trading Down 0.6%

Shares of Lineage stock opened at $39.32 on Friday. The stock has a market cap of $8.95 billion, a P/E ratio of -54.61 and a beta of 0.85. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The business's 50 day moving average is $42.40 and its 200-day moving average is $39.84.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. Equities research analysts predict that Lineage, Inc. will post 2.51 earnings per share for the current fiscal year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Lineage's payout ratio is -295.83%.

Analyst Ratings Changes

LINE has been the subject of a number of research reports. UBS Group increased their price objective on Lineage from $35.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Citigroup boosted their target price on Lineage from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Wells Fargo & Company reduced their price target on Lineage from $39.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, June 1st. Robert W. Baird set a $43.00 price target on shares of Lineage in a research note on Thursday, August 6th. Finally, Evercore set a $44.00 price objective on shares of Lineage in a report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $44.07.

About Lineage

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.

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