BROOKFIELD Corp ON Takes $3.93 Million Position in Lineage, Inc. $LINE

BROOKFIELD Corp ON purchased a new stake in Lineage, Inc. (NASDAQ:LINE) during the first quarter, Holdings Channel reports. The firm purchased 119,912 shares of the company’s stock, valued at approximately $3,928,000.

Several other hedge funds have also recently bought and sold shares of the stock. Lombard Odier Asset Management USA Corp lifted its holdings in shares of Lineage by 14.4% during the first quarter. Lombard Odier Asset Management USA Corp now owns 8,000 shares of the company’s stock valued at $262,000 after acquiring an additional 1,005 shares during the period. Entropy Technologies LP bought a new stake in shares of Lineage in the 1st quarter worth about $228,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Lineage in the 1st quarter worth about $2,883,000. Pennington Partners & CO. LLC increased its position in shares of Lineage by 1.5% during the 1st quarter. Pennington Partners & CO. LLC now owns 76,456 shares of the company’s stock worth $2,545,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Lineage by 119.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 102,960 shares of the company’s stock worth $3,373,000 after purchasing an additional 56,073 shares in the last quarter.

Analysts Set New Price Targets

LINE has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Wall Street Zen raised shares of Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Evercore set a $44.00 target price on shares of Lineage in a research note on Monday, June 8th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company dropped their price target on Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.94.

Lineage Stock Performance

LINE opened at $41.42 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The company has a market cap of $9.43 billion, a price-to-earnings ratio of -66.81 and a beta of 0.85. The firm has a 50 day simple moving average of $42.74 and a 200 day simple moving average of $38.92. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.75.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $1.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts anticipate that Lineage, Inc. will post 2.44 earnings per share for the current year.

Lineage Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.1%. Lineage’s payout ratio is -343.55%.

Lineage Company Profile

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.