Baldwin Wealth Partners LLC MA Buys New Stake in Lineage, Inc. $LINE

Baldwin Wealth Partners LLC MA purchased a new position in Lineage, Inc. (NASDAQ:LINE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 41,193 shares of the company’s stock, valued at approximately $1,442,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Lineage during the 2nd quarter valued at $606,642,000. Darlington Partners Capital Management LP lifted its holdings in shares of Lineage by 45.5% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after acquiring an additional 1,605,810 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Lineage by 4.0% during the 3rd quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after purchasing an additional 120,616 shares during the period. State Street Corp grew its holdings in Lineage by 8.9% during the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock valued at $78,402,000 after purchasing an additional 145,742 shares during the last quarter. Finally, UBS Group AG raised its position in Lineage by 107.2% in the 3rd quarter. UBS Group AG now owns 1,358,780 shares of the company’s stock worth $52,503,000 after purchasing an additional 703,142 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LINE shares. Citigroup upped their price objective on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Truist Financial lifted their price objective on shares of Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. UBS Group lowered their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Lineage from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.72.

Insiders Place Their Bets

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. This trade represents a 13.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 71.90% of the company’s stock.

Lineage Trading Down 4.4%

Shares of NASDAQ:LINE opened at $35.13 on Friday. The business’s 50-day moving average is $37.66 and its 200 day moving average is $37.62. 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, Inc. has a 1 year low of $32.46 and a 1 year high of $60.79. The firm has a market capitalization of $7.98 billion, a P/E ratio of -81.70 and a beta of -0.42.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data 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 net margin of 1.87% and a negative return on equity of 1.06%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $0.83 earnings per share. Lineage’s quarterly revenue was down .2% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st will be issued a $0.5325 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 dividend on an annualized basis and a yield of 6.1%. Lineage’s dividend payout ratio is presently -490.70%.

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.