Lineage, Inc. (NASDAQ:LINE) Given Average Recommendation of “Hold” by Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have been assigned an average rating of “Hold” from the nineteen analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $43.1765.

Several brokerages have weighed in on LINE. Wells Fargo & Company boosted their price objective on Lineage from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Piper Sandler raised their price objective on Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Scotiabank boosted their target price on Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, March 11th. Finally, The Goldman Sachs Group decreased their price target on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th.

Insider Activity at Lineage

In other news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the acquisition, the chairman owned 113,690 shares of the company’s stock, valued at approximately $4,263,375. This trade represents a 13.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 71.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the last quarter. Rothschild Investment LLC boosted its holdings in Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Caitlin John LLC purchased a new position in Lineage during the 3rd quarter valued at $31,000. Finally, Allworth Financial LP grew its position in Lineage by 426.4% in the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after acquiring an additional 614 shares during the last quarter.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $37.25 on Tuesday. Lineage has a 52 week low of $32.46 and a 52 week high of $61.01. The stock has a market capitalization of $8.46 billion, a P/E ratio of -86.63 and a beta of -0.43. The firm has a fifty day simple moving average of $37.58 and a two-hundred day simple moving average of $37.70. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79.

Lineage (NASDAQ:LINE) last announced 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 net margin of 1.87% and a negative return on equity of 1.06%. The business 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 posted $0.83 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect that Lineage will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st will be issued a $0.5325 dividend. This is a boost from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, March 31st. This represents a $2.13 annualized dividend and a dividend yield of 5.7%. Lineage’s dividend payout ratio (DPR) is -490.70%.

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.