BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes Position in Lineage, Inc. (NASDAQ:LINE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 97,359 shares of the company’s stock, valued at approximately $7,631,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of Lineage in the 3rd quarter worth $25,000. Spirit of America Management Corp NY acquired a new stake in Lineage in the third quarter valued at about $165,000. Amalgamated Bank purchased a new stake in Lineage in the 3rd quarter valued at approximately $255,000. Oppenheimer Asset Management Inc. acquired a new position in Lineage during the 3rd quarter worth approximately $312,000. Finally, Villere ST Denis J & Co. LLC purchased a new position in shares of Lineage during the 3rd quarter worth approximately $314,000.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $64.10 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 52-week low of $62.50 and a 52-week high of $89.85. The firm has a fifty day moving average of $74.02.

Lineage (NASDAQ:LINE) last released its earnings results 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. Lineage’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. On average, equities research analysts anticipate that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Scotiabank decreased their price target on Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Evercore ISI lowered their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. UBS Group assumed coverage on shares of Lineage in a report on Monday, August 19th. They set a “neutral” rating and a $88.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

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.