Lineage, Inc. (NASDAQ:LINE) Given Consensus Rating of “Hold” by Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $42.25.

LINE has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 2nd. UBS Group increased their price objective on shares of Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday. Evercore set a $44.00 target price on shares of Lineage in a research report on Monday, June 8th. Truist Financial boosted their target price on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Wednesday, June 24th.

Hedge Funds Weigh In On Lineage

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in Lineage by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after acquiring an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Lineage by 172.4% in 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. Vanderbilt University raised its stake in shares of Lineage by 4.1% during the first quarter. Vanderbilt University now owns 10,925 shares of the company’s stock valued at $358,000 after acquiring an additional 431 shares during the last quarter. Allworth Financial LP raised its stake in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after acquiring an additional 485 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lineage by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after acquiring an additional 502 shares during the last quarter.

Lineage Stock Performance

NASDAQ:LINE opened at $44.59 on Monday. The stock’s 50-day simple moving average is $42.41 and its 200 day simple moving average is $38.67. The firm has a market capitalization of $10.15 billion, a PE ratio of -71.92 and a beta of 0.85. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Lineage has a twelve month low of $31.33 and a twelve month high of $45.75.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts anticipate that Lineage will post 2.44 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th will be given a dividend of $0.5325 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 dividend on an annualized basis and a yield of 4.8%. Lineage’s payout ratio is currently -343.55%.

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.