Lineage (NASDAQ:LINE) Sets New 52-Week Low – Should You Sell?

Lineage, Inc. (NASDAQ:LINE) shares reached a new 52-week low during trading on Friday . The stock traded as low as $32.18 and last traded at $32.72, with a volume of 263887 shares. The stock had previously closed at $33.65.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LINE. Royal Bank Of Canada lifted their target price on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Truist Financial increased their price target on Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Robert W. Baird restated a “neutral” rating and set a $39.00 price target (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. UBS Group decreased their price objective on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Wells Fargo & Company upped their price objective on shares of Lineage from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lineage currently has an average rating of “Hold” and an average price target of $43.72.

Lineage Stock Performance

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 has a market cap of $7.22 billion, a PE ratio of -73.95 and a beta of -0.42. The business has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $37.37.

Lineage (NASDAQ:LINE) last announced its earnings results 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). The company had revenue of $1.34 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Research analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Increases Dividend

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

Insider Buying and Selling

In other news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $37.50 per share, with a total value of $498,750.00. Following the completion of the transaction, the chairman owned 113,690 shares in the company, valued at $4,263,375. This represents a 13.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 71.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LINE. Norges Bank purchased a new stake in Lineage during the second quarter valued at approximately $606,642,000. Morgan Stanley boosted its stake in Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after acquiring an additional 3,968,958 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in Lineage by 45.5% in the third 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 during the last quarter. AQR Capital Management LLC grew its holdings in Lineage by 636.1% in the fourth 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 during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Lineage during the third 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.