Lineage, Inc. $LINE Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its position in Lineage, Inc. (NASDAQ:LINE) by 590.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,680 shares of the company’s stock after acquiring an additional 75,838 shares during the quarter. Corient Private Wealth LLC’s holdings in Lineage were worth $3,859,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in Lineage by 155.1% during the second quarter. Osaic Holdings Inc. now owns 17,605 shares of the company’s stock worth $767,000 after purchasing an additional 10,703 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Lineage by 118.0% in the 2nd quarter. Squarepoint Ops LLC now owns 65,210 shares of the company’s stock worth $2,838,000 after buying an additional 35,294 shares during the last quarter. Evergreen Capital Management LLC bought a new position in shares of Lineage in the 2nd quarter worth about $13,501,000. Tower Research Capital LLC TRC boosted its holdings in shares of Lineage by 69.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,427 shares of the company’s stock valued at $149,000 after buying an additional 1,401 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Lineage by 67.5% during the 2nd quarter. Captrust Financial Advisors now owns 6,830 shares of the company’s stock valued at $297,000 after buying an additional 2,752 shares during the last quarter.

Insider Transactions at Lineage

In other news, Chairman Kevin Patrick Marchetti purchased 14,500 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $33.72 per share, with a total value of $488,940.00. Following the purchase, the chairman directly owned 89,168 shares of the company’s stock, valued at approximately $3,006,744.96. This trade represents a 19.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Crisci acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $34.56 per share, with a total value of $345,600.00. Following the completion of the acquisition, the chief financial officer directly owned 107,859 shares of the company’s stock, valued at $3,727,607.04. This represents a 10.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 129,000 shares of company stock valued at $4,366,940 in the last three months. 71.90% of the stock is currently owned by insiders.

Lineage Stock Performance

NASDAQ:LINE opened at $34.13 on Monday. The company has a 50-day moving average of $36.70 and a 200-day moving average of $40.19. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of -43.20 and a beta of -0.16. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. Lineage, Inc. has a twelve month low of $32.46 and a twelve month high of $62.30.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, November 5th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.30%.Lineage’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. Analysts forecast that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is currently -267.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LINE shares. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Monday, December 15th. Baird R W lowered Lineage from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Barclays lowered their price objective on Lineage from $51.00 to $47.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Robert W. Baird reiterated a “neutral” rating and issued a $39.00 target price (down from $45.00) on shares of Lineage in a research note on Thursday. Finally, Mizuho lowered their price target on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $43.50.

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.