Hsbc Holdings PLC Has $2.57 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Hsbc Holdings PLC lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,941 shares of the company's stock after buying an additional 6,500 shares during the quarter. Hsbc Holdings PLC's holdings in Lineage were worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. acquired a new stake in shares of Lineage in the 3rd quarter valued at about $12,542,000. Principal Financial Group Inc. acquired a new stake in Lineage during the third quarter valued at approximately $173,115,000. Renaissance Capital LLC lifted its holdings in Lineage by 25.6% during the 4th quarter. Renaissance Capital LLC now owns 83,446 shares of the company's stock worth $4,887,000 after buying an additional 16,990 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Lineage by 10.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company's stock worth $35,306,000 after acquiring an additional 57,302 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after acquiring an additional 448 shares during the last quarter.

Insider Activity

In other news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LINE shares. Royal Bank of Canada decreased their price objective on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Scotiabank reaffirmed a "sector perform" rating and set a $56.00 price objective (down previously from $74.00) on shares of Lineage in a research report on Thursday, April 10th. Barclays assumed coverage on shares of Lineage in a report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 target price on the stock. Morgan Stanley lowered their target price on Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Tuesday, April 1st. Finally, BNP Paribas assumed coverage on Lineage in a report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.79.

Lineage Price Performance

Shares of LINE traded down $1.59 during mid-day trading on Tuesday, hitting $42.69. The company's stock had a trading volume of 766,679 shares, compared to its average volume of 1,263,970. The stock has a market capitalization of $9.74 billion and a price-to-earnings ratio of -13.27. Lineage, Inc. has a fifty-two week low of $42.15 and a fifty-two week 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 firm has a 50-day moving average price of $56.29 and a 200 day moving average price of $60.01.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The company's quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts predict that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 4.94%. The ex-dividend date was Monday, March 31st. Lineage's dividend payout ratio (DPR) is currently -65.53%.

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.