Lineage (NASDAQ:LINE) Trading Up 6.1% – What’s Next?

Lineage, Inc. (NASDAQ:LINE)’s share price traded up 6.1% during trading on Thursday . The stock traded as high as $39.50 and last traded at $38.8550. 360,647 shares were traded during trading, a decline of 75% from the average session volume of 1,437,589 shares. The stock had previously closed at $36.61.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LINE shares. Scotiabank raised their price target on Lineage from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. Mizuho decreased their target price on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Piper Sandler reissued a “neutral” rating and set a $41.00 price target (down previously from $55.00) on shares of Lineage in a research report on Thursday, November 6th. Barclays reaffirmed a “positive” rating on shares of Lineage in a research report on Wednesday, February 4th. Finally, UBS Group reduced their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Lineage has a consensus rating of “Reduce” and an average price target of $42.06.

Lineage Stock Up 7.8%

The company has a fifty day moving average of $36.14 and a two-hundred day moving average of $37.99. The company has a market cap of $9.01 billion, a PE ratio of -49.88 and a beta of -0.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were paid a $0.5275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 5.3%. Lineage’s dividend payout ratio (DPR) is presently -267.09%.

Institutional Trading of Lineage

Several hedge funds and other institutional investors have recently bought and sold shares of LINE. Corient Private Wealth LLC raised its position in Lineage by 100.4% during the fourth quarter. Corient Private Wealth LLC now owns 172,229 shares of the company’s stock worth $6,028,000 after acquiring an additional 86,277 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Lineage during the fourth quarter worth about $6,436,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Lineage during the 4th quarter worth about $449,000. Caitlin John LLC raised its position in shares of Lineage by 88.4% during the 4th quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after purchasing an additional 707 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Lineage by 677.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 975,950 shares of the company’s stock valued at $34,158,000 after buying an additional 850,380 shares in the last quarter.

Lineage Company Profile

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.