Oak Thistle LLC Makes New $391,000 Investment in Lineage, Inc. (NASDAQ:LINE)

Oak Thistle LLC purchased a new stake in Lineage, Inc. (NASDAQ:LINE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,669 shares of the company’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LINE. US Bancorp DE purchased a new stake in shares of Lineage during the third quarter valued at $25,000. GAMMA Investing LLC lifted its stake in Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Lineage in the third quarter worth about $34,000. Spirit of America Management Corp NY acquired a new position in shares of Lineage in the third quarter worth about $165,000. Finally, Stifel Financial Corp acquired a new stake in shares of Lineage during the third quarter valued at approximately $211,000.

Lineage Trading Up 5.6 %

Shares of NASDAQ:LINE opened at $57.41 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 1 year low of $52.75 and a 1 year high of $89.85. The stock has a fifty day simple moving average of $61.20.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue was up .5% on a year-over-year basis. As a group, research analysts anticipate that Lineage, Inc. will post 2.33 earnings per share for the current year.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 31st.

Analysts Set New Price Targets

Several equities analysts have weighed in on LINE shares. Robert W. Baird lowered their price objective on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Mizuho lowered their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. BNP Paribas initiated coverage on Lineage in a research note on Tuesday. They issued a “neutral” rating and a $61.00 price objective for the company. Royal Bank of Canada lowered their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered shares of Lineage from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lineage presently has an average rating of “Moderate Buy” and an average target price of $85.76.

Lineage 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.