Lineage (NASDAQ:LINE) Cut to “Hold” at Baird R W

Baird R W cut shares of Lineage (NASDAQ:LINE) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Monday, December 15th. UBS Group decreased their price target on Lineage from $45.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Robert W. Baird reiterated a “neutral” rating and set a $39.00 price objective (down from $45.00) on shares of Lineage in a research report on Thursday. Mizuho cut their price target on Lineage from $44.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research upgraded shares of Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $43.50.

Lineage Price Performance

Shares of LINE stock opened at $34.13 on Thursday. Lineage has a 52-week low of $32.46 and a 52-week high of $62.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99. The stock has a market cap of $7.79 billion, a PE ratio of -43.20 and a beta of -0.16. The firm’s 50 day moving average price is $36.70 and its two-hundred day moving average price is $40.22.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Lineage will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, December 31st. Lineage’s payout ratio is presently -267.09%.

Insider Transactions at Lineage

In other news, CFO Robert Crisci bought 10,000 shares of the stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $34.56 per share, for a total transaction of $345,600.00. Following the purchase, the chief financial officer directly owned 107,859 shares of the company’s stock, valued at $3,727,607.04. This trade represents a 10.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Adam Matthew Schwartz Forste purchased 74,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $33.83 per share, with a total value of $2,503,420.00. Following the transaction, the chairman owned 109,266 shares in the company, valued at approximately $3,696,468.78. The trade was a 209.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 129,000 shares of company stock worth $4,366,940 in the last ninety days. Company insiders own 71.90% of the company’s stock.

Institutional Trading of Lineage

Several hedge funds have recently added to or reduced their stakes in LINE. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 362 shares during the last quarter. Signaturefd LLC lifted its position in 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 period. Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 300 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Lineage by 170.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 730 shares of the company’s stock valued at $43,000 after purchasing an additional 460 shares during the last quarter. Finally, Allworth Financial LP raised its position in Lineage by 426.4% in the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after acquiring an additional 614 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.