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

Lineage, Inc. (NASDAQ:LINE) has earned a consensus rating of “Reduce” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $42.0588.

Several equities research analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a report on Monday, November 10th. Truist Financial set a $40.00 price target on Lineage in a report on Monday, December 22nd. Citigroup cut their price objective on Lineage from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. Royal Bank Of Canada reduced their price objective on Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Finally, Morgan Stanley dropped their target price on Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 16th.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $36.49 on Monday. 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 firm has a market cap of $8.33 billion, a price-to-earnings ratio of -46.18 and a beta of -0.19. The business has a 50-day simple moving average of $35.40 and a two-hundred day simple moving average of $38.66. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.85 EPS 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 analyst estimates of $1.37 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts expect that Lineage will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were issued a $0.5275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.8%. Lineage’s dividend payout ratio (DPR) is presently -267.09%.

Insider Buying and Selling at Lineage

In other Lineage news, CFO Robert Crisci purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price 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. The trade was a 10.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Adam Matthew Schwartz Forste acquired 74,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost 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. 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 valued at $4,366,940. 71.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lineage

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased 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 in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $25,000 after acquiring an additional 362 shares during the period. Signaturefd LLC increased its holdings in Lineage by 132.3% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $28,000 after acquiring an additional 369 shares in the last quarter. Caitlin John LLC bought a new stake in Lineage during the 3rd quarter worth approximately $31,000. Finally, Allworth Financial LP raised its stake in Lineage by 426.4% during the 2nd 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.

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.