Charles Schwab Investment Management Inc. Buys Shares of 175,882 Lineage, Inc. (NASDAQ:LINE)

Charles Schwab Investment Management Inc. acquired a new position in Lineage, Inc. (NASDAQ:LINE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 175,882 shares of the company’s stock, valued at approximately $13,786,000. Charles Schwab Investment Management Inc. owned about 0.08% of Lineage as of its most recent SEC filing.

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

Lineage Trading Down 1.2 %

Shares of NASDAQ LINE opened at $62.12 on Monday. The company has a fifty day moving average of $70.61. Lineage, Inc. has a 12-month low of $61.00 and a 12-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.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, research analysts forecast that Lineage, Inc. will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on LINE. Wells Fargo & Company boosted their price target on shares of Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. UBS Group initiated coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “neutral” rating and a $88.00 target price on the stock. Capital One Financial assumed coverage on shares of Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 price objective for the company. Mizuho started coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “neutral” rating and a $86.00 price target for the company. Finally, Scotiabank cut 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. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lineage has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

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.