Kevin Patrick Marchetti Buys 11,222 Shares of Lineage (NASDAQ:LINE) Stock

Lineage, Inc. (NASDAQ:LINE) Chairman Kevin Patrick Marchetti purchased 11,222 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average price of $39.05 per share, for a total transaction of $438,219.10. Following the completion of the purchase, the chairman directly owned 100,390 shares in the company, valued at $3,920,229.50. This represents a 12.59% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lineage Stock Performance

Lineage stock traded up $0.04 during mid-day trading on Wednesday, reaching $39.20. The company’s stock had a trading volume of 2,576,411 shares, compared to its average volume of 1,503,098. Lineage, Inc. has a 12-month low of $32.46 and a 12-month high of $61.01. The company has a market capitalization of $8.90 billion, a P/E ratio of -91.16 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. The firm’s fifty day moving average price is $37.40 and its two-hundred day moving average price is $37.81.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was down .2% on a year-over-year basis. Sell-side analysts predict that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is presently -490.70%.

More Lineage News

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Chairman Kevin Patrick Marchetti bought 11,222 shares at an average $39.05 (Mar 9), increasing his stake to 100,390 shares — a signal of management confidence. SEC filing: Insider Form 4
• Positive Sentiment: Scotiabank raised its price target from $39 to $42 and kept a “sector perform” rating, implying modest upside vs. the current level and providing third‑party validation for the shares. Benzinga
• Positive Sentiment: Zacks upgraded LINE from “strong sell” to “hold,” which can reduce selling pressure from model‑driven funds and attract some neutral investors. Sources: Zacks, TickerReport
• Positive Sentiment: Short interest dropped ~27.6% in February to ~6.95M shares (10.9% of float) with a ~4.3 days-to-cover — a material reduction in short exposure that can lessen downward momentum and fuel short-covering rallies. (No link provided)
• Neutral Sentiment: Several unrelated gaming guides referencing a game called “Bizarre Lineage” appeared online; these are not related to Lineage, Inc. and are unlikely to affect the stock. Example: VG247

Institutional Trading of Lineage

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Lineage during the 2nd quarter valued at about $606,642,000. Morgan Stanley increased its position in shares of Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares during the last quarter. Darlington Partners Capital Management LP raised its stake in Lineage by 45.5% in the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after purchasing an additional 1,605,810 shares in the last quarter. AQR Capital Management LLC raised its stake in Lineage by 636.1% in the fourth quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after purchasing an additional 1,149,686 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Lineage during the third quarter valued at approximately $43,804,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays reaffirmed a “positive” rating on shares of Lineage in a report on Wednesday, February 4th. Citigroup raised their price objective on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, November 14th. Royal Bank Of Canada upped their target price on shares of Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.18.

About Lineage

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.