Lineage, Inc. (NASDAQ:LINE) Given Average Recommendation of “Reduce” by Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus recommendation of “Reduce” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.0588.

Several equities analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, November 14th. Evercore ISI dropped their price objective 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. UBS Group cut their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $39.00 target price (down from $45.00) on shares of Lineage in a report on Thursday, December 18th.

Insider Buying and Selling

In related news, Chairman Adam Matthew Schwartz Forste purchased 74,000 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $33.83 per share, with a total value of $2,503,420.00. Following the transaction, the chairman directly owned 109,266 shares in the company, valued at $3,696,468.78. This trade represents a 209.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin Patrick Marchetti acquired 14,500 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $488,940.00. Following the completion of the transaction, the chairman directly owned 89,168 shares in the company, valued at $3,006,744.96. The trade was a 19.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 129,000 shares of company stock valued at $4,366,940. 71.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Patten Group Inc. purchased a new stake in shares of Lineage during the fourth quarter valued at approximately $485,000. Vanderbilt University bought a new position in Lineage in the 4th quarter valued at approximately $367,000. Aberdeen Group plc boosted its stake in Lineage by 5.9% during the 4th quarter. Aberdeen Group plc now owns 25,535 shares of the company’s stock valued at $894,000 after purchasing an additional 1,427 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Lineage by 3,910.9% in the 4th quarter. SG Americas Securities LLC now owns 261,871 shares of the company’s stock worth $9,165,000 after purchasing an additional 255,342 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Lineage by 694.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 93,010 shares of the company’s stock worth $3,353,000 after purchasing an additional 81,306 shares during the last quarter.

Lineage Stock Up 3.5%

LINE stock opened at $36.49 on Monday. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of -46.18 and a beta of -0.19. The business’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $38.66. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99.

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

Lineage Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 5.8%. Lineage’s payout ratio is presently -267.09%.

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.