Lineage (NASDAQ:LINE) Upgraded at Zacks Research

Zacks Research upgraded shares of Lineage (NASDAQ:LINE) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on LINE. Barclays reiterated a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Evercore cut their target price on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company raised their price target on shares of Lineage from $32.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Truist Financial lifted their price target on shares of Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.18.

Lineage Stock Up 0.1%

Shares of Lineage stock opened at $39.20 on Monday. The stock’s 50-day moving average is $37.48 and its 200 day moving average is $37.82. Lineage has a one year low of $32.46 and a one year high of $61.01. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of -91.16 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share 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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that Lineage will post 2.34 EPS for the current year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is -490.70%.

Insiders Place Their Bets

In other Lineage news, Chairman Kevin Patrick Marchetti acquired 11,222 shares of the company’s stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $39.05 per share, with a total value of $438,219.10. Following the completion of the purchase, the chairman owned 100,390 shares of the company’s stock, valued at approximately $3,920,229.50. This represents a 12.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

A number of institutional investors and hedge funds have recently made changes to their positions in LINE. Hsbc Holdings PLC lifted its position in Lineage by 20.0% in the 4th quarter. Hsbc Holdings PLC now owns 119,467 shares of the company’s stock valued at $4,181,000 after acquiring an additional 19,915 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Lineage by 407.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,041 shares of the company’s stock worth $71,000 after purchasing an additional 1,639 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lineage by 21.9% in the fourth quarter. Invesco Ltd. now owns 219,262 shares of the company’s stock worth $7,674,000 after purchasing an additional 39,442 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Lineage by 100.4% in the fourth quarter. Corient Private Wealth LLC now owns 172,229 shares of the company’s stock worth $6,028,000 after purchasing an additional 86,277 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Lineage in the fourth quarter valued at approximately $6,436,000.

Key Lineage News

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Chairman Kevin P. Marchetti bought 11,222 shares at about $39.05 each (~$438k total), increasing his direct position to 100,390 shares (a 12.6% rise in his holdings). Insider buying by a senior executive is typically viewed as a vote of confidence in the company’s outlook. SEC Form 4
• Positive Sentiment: Short interest fell sharply in February — down ~27.6% to 6.95M shares as of Feb. 27 — reducing bearish pressure. Shorts now represent about 10.9% of shares and the days-to-cover is ~4.3, which can temper downside volatility as short covering risk declines. (No link provided.)
• Positive Sentiment: Scotiabank raised its price target from $39 to $42 and maintained a “sector perform” rating, implying modest upside versus recent levels; analyst target lifts can support buying interest. Benzinga
• Positive Sentiment: Zacks upgraded LINE from “strong sell” to “hold,” which may attract some buyers who follow Zacks signals or revise models upward. Zacks
• Neutral Sentiment: Several gaming/media posts referencing a Roblox game called “Bizarre Lineage” appeared (guides and how-tos). These are unrelated to Lineage, Inc.’s business and are noise for investors. Examples: VG247 (Made In Heaven) VG247, IGN (Worthiness) IGN, Beebom (Prestige) Beebom

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.