Brokerages Set Lineage, Inc. (NASDAQ:LINE) Price Target at $43.28

Shares of Lineage, Inc. (NASDAQ:LINE) have earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.2778.

LINE has been the topic of several recent research reports. Scotiabank increased their price objective on Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, March 11th. Piper Sandler lowered their price objective on Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen cut Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup increased 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. Finally, Morgan Stanley lowered their price objective on Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 16th.

Lineage Stock Up 3.4%

LINE opened at $35.51 on Friday. Lineage has a 1-year low of $31.33 and a 1-year high of $58.86. The stock’s fifty day simple moving average is $36.87 and its 200 day simple moving average is $36.78. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The stock has a market cap of $8.06 billion, a PE ratio of -82.58 and a beta of 0.10.

Lineage (NASDAQ:LINE) last posted its quarterly 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). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. As a group, research analysts expect that Lineage will post 2.34 earnings per share for the current 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 given a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Lineage’s previous quarterly dividend of $0.53. Lineage’s dividend payout ratio (DPR) is -495.35%.

Insiders Place Their Bets

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the transaction, the chairman directly owned 113,690 shares of the company’s stock, valued at approximately $4,263,375. This represents a 13.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 71.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Lineage during the 4th quarter worth $482,255,000. Morgan Stanley grew its holdings in shares of Lineage by 378.6% during the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock worth $46,273,000 after purchasing an additional 1,149,686 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of Lineage during the 3rd quarter worth $43,804,000.

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.