Lineage (NASDAQ:LINE) Reaches New 1-Year Low – Time to Sell?

Lineage, Inc. (NASDAQ:LINE) hit a new 52-week low on Friday . The company traded as low as $32.18 and last traded at $32.72, with a volume of 263887 shares trading hands. The stock had previously closed at $33.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th. Compass Point initiated coverage on shares of Lineage in a report on Wednesday, March 18th. They issued a “buy” rating and a $47.00 price objective for the company. Wall Street Zen lowered shares of Lineage from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.72.

Lineage Stock Down 3.3%

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 stock’s fifty day simple moving average is $37.51 and its two-hundred day simple moving average is $37.46. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of -75.58 and a beta of -0.42.

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

Lineage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st will be issued a $0.5325 dividend. This is an increase from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Lineage’s dividend payout ratio is currently -495.35%.

Insider Activity at Lineage

In related news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of $37.50 per share, with a total value of $498,750.00. Following the purchase, the chairman directly owned 113,690 shares in the company, valued at $4,263,375. The trade was a 13.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Lineage by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock valued at $874,000 after buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Lineage by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock worth $70,000 after buying an additional 502 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.