Amalgamated Bank Acquires Shares of 3,251 Lineage, Inc. (NASDAQ:LINE)

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

Several other large investors also recently modified their holdings of the stock. Asset Management One Co. Ltd. acquired a new stake in shares of Lineage during the 3rd quarter worth $6,595,000. Van ECK Associates Corp acquired a new stake in shares of Lineage during the 3rd quarter worth $833,000. Janney Montgomery Scott LLC acquired a new stake in shares of Lineage during the 3rd quarter worth $781,000. US Bancorp DE acquired a new stake in shares of Lineage during the 3rd quarter worth $25,000. Finally, abrdn plc acquired a new stake in shares of Lineage during the 3rd quarter worth $1,000,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Bank of America assumed coverage on Lineage in a report on Monday, August 19th. They set a “buy” rating and a $100.00 target price on the stock. Robert W. Baird reduced their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Baird R W upgraded Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Piper Sandler assumed coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $102.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Trading Up 0.6 %

Lineage stock opened at $63.53 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 12 month low of $62.65 and a 12 month high of $89.85. The company has a 50-day moving average price of $75.90.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts predict that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Announces Dividend

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

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.