SG Americas Securities LLC Raises Position in Lineage, Inc. $LINE

SG Americas Securities LLC grew its holdings in Lineage, Inc. (NASDAQ:LINE) by 3,910.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,871 shares of the company’s stock after acquiring an additional 255,342 shares during the period. SG Americas Securities LLC owned about 0.11% of Lineage worth $9,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its holdings in Lineage by 15.2% in the first quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after purchasing an additional 653 shares during the period. AQR Capital Management LLC acquired a new position in Lineage during the 1st quarter worth $886,000. Millennium Management LLC increased its holdings in Lineage by 197.0% during the 1st quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock worth $16,916,000 after purchasing an additional 191,362 shares during the period. Creative Planning raised its position in Lineage by 15.8% in the 2nd quarter. Creative Planning now owns 12,946 shares of the company’s stock valued at $563,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Lineage by 10.9% in the 2nd quarter. Legal & General Group Plc now owns 298,207 shares of the company’s stock valued at $12,978,000 after purchasing an additional 29,211 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup boosted their price objective on Lineage from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Wall Street Zen downgraded shares of Lineage from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. The Goldman Sachs Group boosted their price target on shares of Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Piper Sandler increased their price objective on shares of Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Finally, Compass Point began coverage on shares of Lineage in a report on Wednesday, March 18th. They issued a “buy” rating and a $47.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.72.

Insiders Place Their Bets

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the purchase, the chairman owned 113,690 shares in the company, valued at $4,263,375. This represents a 13.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 71.90% of the company’s stock.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $31.80 on Monday. Lineage, Inc. has a 12 month low of $31.76 and a 12 month high of $59.77. The firm has a market capitalization of $7.22 billion, a P/E ratio of -73.95 and a beta of -0.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. The company’s fifty day moving average price is $37.42 and its 200 day moving average price is $37.34.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $0.83 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a yield of 6.7%. This is a positive change from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, March 31st. Lineage’s dividend payout ratio is presently -490.70%.

Lineage 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.