38,183 Shares in Lineage, Inc. (NASDAQ:LINE) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,183 shares of the company’s stock, valued at approximately $2,993,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE acquired a new position in shares of Lineage during the 3rd quarter worth $25,000. Larson Financial Group LLC acquired a new position in shares of Lineage in the 3rd quarter valued at about $34,000. Spirit of America Management Corp NY bought a new position in shares of Lineage during the 3rd quarter worth approximately $165,000. Amalgamated Bank bought a new position in Lineage during the third quarter worth $255,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Lineage in the 3rd quarter valued at about $312,000.

Lineage Stock Up 0.2 %

Shares of LINE stock opened at $62.90 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a 12-month low of $61.75 and a 12-month high of $89.85. The business’s 50-day moving average price is $70.94.

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

Lineage Announces Dividend

The company also recently announced a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Analysts Set New Price Targets

LINE has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Royal Bank of Canada decreased their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. KeyCorp assumed coverage on shares of Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $93.00 price objective on the stock. Finally, Capital One Financial assumed coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.75.

About Lineage

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.