Chilton Capital Management LLC Purchases New Shares in Lineage, Inc. $LINE

Chilton Capital Management LLC acquired a new position in Lineage, Inc. (NASDAQ:LINE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 225,175 shares of the company’s stock, valued at approximately $9,905,000. Chilton Capital Management LLC owned approximately 0.10% of Lineage as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Signaturefd LLC boosted its stake in shares of Lineage by 132.3% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $28,000 after buying an additional 369 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Lineage by 170.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 730 shares of the company’s stock worth $43,000 after purchasing an additional 460 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Lineage in the first quarter worth $29,000. First Pacific Financial raised its stake in Lineage by 16.8% in the second quarter. First Pacific Financial now owns 3,576 shares of the company’s stock valued at $156,000 after purchasing an additional 515 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Lineage by 3.6% during the first quarter. Aberdeen Group plc now owns 16,568 shares of the company’s stock worth $971,000 after purchasing an additional 580 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LINE shares. Scotiabank decreased their price target on shares of Lineage from $49.00 to $43.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Zacks Research cut shares of Lineage from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Robert W. Baird reduced their price objective on Lineage from $64.00 to $51.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lineage in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price objective on Lineage from $50.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, September 22nd. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.61.

Insider Activity

In other news, insider Sudarsan V. Thattai acquired 3,563 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average cost of $42.45 per share, with a total value of $151,249.35. Following the acquisition, the insider owned 7,983 shares in the company, valued at approximately $338,878.35. This represents a 80.61% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kevin Patrick Marchetti purchased 12,345 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $40.44 per share, for a total transaction of $499,231.80. Following the completion of the purchase, the chairman directly owned 74,668 shares of the company’s stock, valued at approximately $3,019,573.92. This represents a 19.81% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 39,448 shares of company stock worth $1,645,752. Insiders own 71.90% of the company’s stock.

Lineage Price Performance

Lineage stock opened at $40.68 on Friday. The company’s 50 day moving average price is $40.44 and its two-hundred day moving average price is $44.01. The company has a quick ratio of 0.83, a current ratio of 0.96 and a debt-to-equity ratio of 0.72. The stock has a market cap of $9.31 billion, a P/E ratio of -14.58 and a beta of -0.23. Lineage, Inc. has a 52 week low of $36.66 and a 52 week high of $78.61.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. Lineage had a negative return on equity of 5.76% and a negative net margin of 10.57%.The firm’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, September 30th. Lineage’s dividend payout ratio is currently -75.63%.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.