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

Lineage, Inc. (NASDAQ:LINE) has earned an average recommendation of “Reduce” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.2778.

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Truist Financial increased their target price on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Barclays lifted their price target on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Scotiabank boosted their price target on shares of Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen upgraded shares of Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th.

Insider Buying and Selling at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $37.50 per share, with a total value of $498,750.00. Following the purchase, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. This represents a 13.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 71.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lineage

A number of hedge funds have recently made changes to their positions in the company. Waterfall Asset Management LLC purchased a new stake in shares of Lineage during the third quarter worth approximately $6,275,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Lineage by 58.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock valued at $2,937,000 after purchasing an additional 27,905 shares during the last quarter. SCP Investment LP lifted its holdings in Lineage by 113.3% in the 3rd quarter. SCP Investment LP now owns 480,000 shares of the company’s stock valued at $18,547,000 after purchasing an additional 255,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lineage by 11.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 926,149 shares of the company’s stock valued at $32,415,000 after purchasing an additional 93,188 shares in the last quarter. Finally, Barclays PLC boosted its stake in Lineage by 8,719.8% during the 3rd quarter. Barclays PLC now owns 1,022,125 shares of the company’s stock worth $39,495,000 after purchasing an additional 1,010,536 shares during the last quarter.

Lineage Price Performance

NASDAQ:LINE opened at $44.41 on Friday. Lineage has a 52 week low of $31.33 and a 52 week high of $46.99. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $10.11 billion, a PE ratio of -71.63 and a beta of 0.61. The stock’s 50-day moving average price is $36.94 and its 200-day moving average price is $36.60.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.01. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.Lineage’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. As a group, equities analysts expect that Lineage will post 2.39 EPS for the current fiscal year.

Lineage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, March 31st were given a dividend of $0.5325 per share. This is a boost from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, March 31st. This represents a $2.13 annualized dividend and a dividend yield of 4.8%. Lineage’s payout ratio is currently -343.55%.

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.