Lineage, Inc. (NASDAQ:LINE) Receives Average Rating of “Reduce” from Brokerages

Lineage, Inc. (NASDAQ:LINE) has been assigned a consensus recommendation of “Reduce” from the nineteen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.0588.

Several research analysts recently commented on the company. UBS Group lowered their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Morgan Stanley lowered their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. Piper Sandler restated a “neutral” rating and issued a $41.00 price objective (down from $55.00) on shares of Lineage in a report on Thursday, November 6th. Wells Fargo & Company decreased their price objective on shares of Lineage from $43.00 to $32.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Finally, Mizuho dropped their target price on Lineage from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th.

Lineage Stock Down 0.8%

Shares of NASDAQ:LINE opened at $35.71 on Monday. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of -45.20 and a beta of -0.19. Lineage has a 12-month low of $32.46 and a 12-month high of $62.30. The business has a 50-day moving average price of $35.65 and a 200 day moving average price of $38.46. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Lineage had a negative net margin of 3.30% and a negative return on equity of 1.85%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts expect that Lineage will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is -267.09%.

Insider Activity at Lineage

In other news, CFO Robb A. Lemasters bought 30,000 shares of Lineage stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $33.74 per share, with a total value of $1,012,200.00. Following the acquisition, the chief financial officer owned 60,000 shares of the company’s stock, valued at approximately $2,024,400. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Adam Matthew Schwartz Forste bought 74,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $33.83 per share, for a total transaction of $2,503,420.00. Following the completion of the acquisition, the chairman directly owned 109,266 shares in the company, valued at approximately $3,696,468.78. This trade represents a 209.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 129,000 shares of company stock worth $4,366,940. Insiders own 71.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Lineage by 82.2% in the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Lineage by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after acquiring an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares during the period. Signaturefd LLC lifted its holdings in shares of Lineage by 132.3% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $28,000 after purchasing an additional 369 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Lineage by 0.5% in the 2nd quarter. Strs Ohio now owns 98,088 shares of the company’s stock valued at $4,269,000 after purchasing an additional 488 shares during the period.

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.