Axa S.A. Has $4.17 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Axa S.A. trimmed its stake in Lineage, Inc. (NASDAQ:LINE) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,152 shares of the company’s stock after selling 1,748 shares during the period. Axa S.A.’s holdings in Lineage were worth $4,167,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LINE. JPMorgan Chase & Co. bought a new position in shares of Lineage during the third quarter worth about $12,542,000. Principal Financial Group Inc. acquired a new stake in Lineage during the 3rd quarter valued at approximately $173,115,000. Renaissance Capital LLC raised its holdings in Lineage by 25.6% during the 4th quarter. Renaissance Capital LLC now owns 83,446 shares of the company’s stock worth $4,887,000 after purchasing an additional 16,990 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Lineage by 10.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company’s stock valued at $35,306,000 after purchasing an additional 57,302 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 448 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LINE shares. Evercore ISI decreased their price target on Lineage from $68.00 to $59.00 and set an “in-line” rating for the company in a report on Thursday, May 1st. Scotiabank restated a “sector perform” rating and set a $56.00 price target (down previously from $74.00) on shares of Lineage in a research note on Thursday, April 10th. Barclays started coverage on Lineage in a report on Wednesday, April 9th. They set an “overweight” rating and a $59.00 price objective for the company. BNP Paribas assumed coverage on Lineage in a research report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Lineage from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.79.

Insiders Place Their Bets

In other news, Chairman Kevin Patrick Marchetti purchased 11,500 shares of the stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $43.75 per share, with a total value of $503,125.00. Following the completion of the acquisition, the chairman now owns 27,733 shares in the company, valued at $1,213,318.75. This represents a 70.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares of the company’s stock, valued at $1,471,178.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,237 shares of company stock worth $2,174,220 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Lineage Stock Up 0.3 %

Shares of NASDAQ LINE opened at $43.92 on Thursday. The business’s fifty day moving average price is $55.65 and its 200-day moving average price is $59.78. Lineage, Inc. has a one year low of $42.05 and a one year high of $89.85. The stock has a market capitalization of $10.02 billion and a PE ratio of -13.64. 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 (NASDAQ:LINE) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.34 billion. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were issued a dividend of $0.5275 per share. The ex-dividend date was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 4.80%. Lineage’s payout ratio is -65.53%.

Lineage Company 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.