Brokerages Set Lineage, Inc. (NASDAQ:LINE) PT at $43.18

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus recommendation of “Hold” by the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.3889.

LINE has been the topic of a number of recent analyst reports. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $39.00 target price (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. The Goldman Sachs Group decreased their target price on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. UBS Group decreased their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd.

Insider Buying and Selling at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $37.50 per share, with a total value of $498,750.00. Following the purchase, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. This represents a 13.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 71.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lineage

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Rothschild Investment LLC raised its stake in Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Allworth Financial LP lifted its holdings in Lineage by 426.4% in the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after purchasing an additional 614 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in Lineage in the 3rd quarter valued at $31,000.

Lineage Trading Down 2.8%

Shares of Lineage stock opened at $36.75 on Tuesday. The firm has a 50-day simple moving average of $37.69 and a two-hundred day simple moving average of $37.67. The company has a market cap of $8.35 billion, a P/E ratio of -85.46 and a beta of -0.42. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, February 25th. The company reported $0.03 EPS 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 business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $0.83 earnings per share. Lineage’s revenue was down .2% on a year-over-year basis. As a group, equities analysts predict that Lineage will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.5325 per share. This is an increase from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, March 31st. Lineage’s dividend payout ratio is presently -490.70%.

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.