Amalgamated Bank Takes Position in Lineage, Inc. (NASDAQ:LINE)

Amalgamated Bank purchased a new stake in Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,251 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. US Bancorp DE acquired a new stake in Lineage during the third quarter worth approximately $25,000. Spirit of America Management Corp NY acquired a new stake in Lineage during the third quarter worth approximately $165,000. Perpetual Ltd acquired a new stake in Lineage during the third quarter worth approximately $324,000. Harbour Capital Advisors LLC acquired a new stake in Lineage during the third quarter worth approximately $380,000. Finally, SG Americas Securities LLC acquired a new stake in Lineage during the third quarter worth approximately $658,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LINE shares. Scotiabank decreased their target price on Lineage from $95.00 to $94.00 and set a “sector outperform” rating for the company in a research note on Monday, August 26th. Robert W. Baird decreased their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. 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 note on Wednesday, November 13th. The Goldman Sachs Group reduced their price objective on Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday. Finally, KeyCorp initiated coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $92.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Stock Performance

LINE stock opened at $63.53 on Monday. Lineage, Inc. has a twelve month low of $62.65 and a twelve month high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The firm has a 50 day moving average of $75.90.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities analysts predict that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

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.