Lineage, Inc. $LINE Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 3,910.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 261,871 shares of the company’s stock after purchasing an additional 255,342 shares during the period. SG Americas Securities LLC’s holdings in Lineage were worth $9,165,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Lineage by 172.4% in 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 during the last quarter. Jones Financial Companies Lllp increased its position in Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Caitlin John LLC acquired a new position in Lineage in the 3rd quarter valued at about $31,000. GF Fund Management CO. LTD. purchased a new stake in Lineage during the 3rd quarter valued at approximately $45,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Lineage during the 3rd quarter valued at approximately $45,000.

Lineage Stock Performance

Shares of LINE opened at $31.80 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage, Inc. has a 52-week low of $31.76 and a 52-week high of $59.77. The company has a 50-day simple moving average of $37.42 and a 200-day simple moving average of $37.34. The company has a market capitalization of $7.22 billion, a PE ratio of -73.95 and a beta of -0.43.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.5325 per share. This is a positive change from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.13 annualized dividend and a dividend yield of 6.7%. Lineage’s dividend payout ratio is presently -490.70%.

Analyst Upgrades and Downgrades

LINE has been the topic of several analyst reports. Citigroup lifted their target price on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Robert W. Baird restated a “neutral” rating and set a $39.00 price target (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. UBS Group decreased their price target on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Piper Sandler lifted their price objective on shares of Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Finally, Scotiabank boosted their price objective on shares of Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lineage currently has an average rating of “Hold” and a consensus price target of $43.72.

Insider Buying and Selling at Lineage

In other news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the acquisition, the chairman directly owned 113,690 shares in the company, valued at approximately $4,263,375. The trade was a 13.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 71.90% of the stock is currently owned by corporate insiders.

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.