HighTower Advisors LLC Makes New Investment in Lineage, Inc. $LINE

HighTower Advisors LLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,133,643 shares of the company’s stock, valued at approximately $43,804,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Lineage by 15.2% in the first quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after acquiring an additional 653 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Lineage during the 1st quarter valued at $886,000. Millennium Management LLC raised its position in Lineage by 197.0% in the 1st quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock valued at $16,916,000 after purchasing an additional 191,362 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Lineage by 24.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,684 shares of the company’s stock worth $247,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Ethic Inc. acquired a new stake in shares of Lineage in the second quarter valued at $403,000.

Analyst Upgrades and Downgrades

LINE has been the topic of several research reports. The Goldman Sachs Group reduced their price target on shares of Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. JPMorgan Chase & Co. decreased their price target on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, November 14th. Evercore lowered their price target on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, November 10th. Wells Fargo & Company reduced their price objective on Lineage from $43.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, Mizuho decreased their price objective on Lineage from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $42.06.

Lineage Stock Performance

LINE stock opened at $37.12 on Wednesday. The business’s fifty day moving average is $36.15 and its 200-day moving average is $38.00. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The company has a market cap of $8.47 billion, a P/E ratio of -46.99 and a beta of -0.19. Lineage, Inc. has a twelve month low of $32.46 and a twelve month high of $62.30.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were paid a $0.5275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 5.7%. Lineage’s dividend payout ratio is presently -267.09%.

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.