Daiwa Securities Group Inc. Invests $36.47 Million in Lineage, Inc. (NASDAQ:LINE)

Daiwa Securities Group Inc. bought a new stake in Lineage, Inc. (NASDAQ:LINE) during the third quarter, HoldingsChannel reports. The firm bought 465,245 shares of the company’s stock, valued at approximately $36,466,000.

Other large investors have also modified their holdings of the company. US Bancorp DE acquired a new stake in Lineage during the third quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in shares of Lineage in the 3rd quarter valued at approximately $34,000. Spirit of America Management Corp NY bought a new stake in shares of Lineage in the 3rd quarter valued at approximately $165,000. Amalgamated Bank acquired a new stake in shares of Lineage during the 3rd quarter valued at approximately $255,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Lineage during the third quarter worth $312,000.

Lineage Stock Up 1.8 %

LINE stock opened at $64.10 on Friday. The business has a 50-day moving average of $74.02. 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, Inc. has a fifty-two week low of $62.50 and a fifty-two week high of $89.85.

Lineage (NASDAQ:LINE) last issued its quarterly 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). The company had revenue of $1.34 billion during 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 company’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts predict that Lineage, Inc. will post 3 EPS for the current year.

Lineage Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $102.00 target price on the stock. KeyCorp assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $92.00 price objective on the stock. Bank of America assumed coverage on Lineage in a research note on Monday, August 19th. They issued a “buy” rating and a $100.00 target price for the company. Morgan Stanley began coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 price target on the stock. Finally, Baird R W upgraded Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Five investment 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. According to MarketBeat.com, Lineage currently has a consensus rating of “Moderate Buy” and an average 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.