Hsbc Holdings PLC purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 144,790 shares of the company’s stock, valued at approximately $6,261,000.
A number of other institutional investors have also recently bought and sold shares of LINE. Canada Pension Plan Investment Board acquired a new position in shares of Lineage in the 2nd quarter valued at $41,271,000. Legal & General Group Plc bought a new position in shares of Lineage during the 2nd quarter worth about $13,665,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lineage during the 2nd quarter valued at about $1,197,000. Cibc World Market Inc. acquired a new stake in shares of Lineage during the 2nd quarter valued at about $722,000. Finally, PEAK6 LLC acquired a new stake in shares of Lineage during the 2nd quarter valued at about $1,630,000.
Insider Transactions at Lineage
In related news, CFO Robb A. Lemasters acquired 20,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. The trade was a 67.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 71.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Lineage
Lineage Trading Down 0.6%
Shares of LINE opened at $39.32 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.78. The company has a market cap of $8.95 billion, a price-to-earnings ratio of -54.61 and a beta of 0.85. The stock has a fifty day moving average price of $42.40 and a two-hundred day moving average price of $39.84. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $45.75.
Lineage (NASDAQ:LINE – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.98. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Analysts predict that Lineage, Inc. will post 2.51 EPS for the current fiscal year.
Lineage Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were given a dividend of $0.5325 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.4%. Lineage’s dividend payout ratio is -295.83%.
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.
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