Centersquare Investment Management LLC Sells 168,060 Shares of Lineage, Inc. $LINE

Centersquare Investment Management LLC lessened its stake in Lineage, Inc. (NASDAQ:LINE) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 531,490 shares of the company’s stock after selling 168,060 shares during the period. Centersquare Investment Management LLC’s holdings in Lineage were worth $18,602,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares during the last quarter. Rothschild Investment LLC grew its position in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Lineage in the 3rd quarter valued at about $31,000. Finally, Allworth Financial LP grew its position in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LINE. Evercore set a $44.00 price target on Lineage in a research report on Monday. Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada upped their price target on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Piper Sandler reduced their price target on Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Citigroup boosted their price objective on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.82.

Lineage Stock Up 0.5%

Shares of NASDAQ:LINE opened at $44.57 on Friday. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -71.89 and a beta of 0.88. 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 business’s 50-day moving average is $38.59 and its 200-day moving average is $37.24. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $46.61.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The company had revenue of $1.30 billion for 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 firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. Equities research analysts predict that Lineage, Inc. will post 2.39 earnings per share for the current year.

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.