Lineage, Inc. (NASDAQ:LINE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have received a consensus recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $43.2778.

Several equities research analysts recently commented on LINE shares. Truist Financial boosted their price objective on shares of Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Friday, March 27th. Zacks Research upgraded shares of Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Barclays reiterated a “positive” rating on shares of Lineage in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada increased their price objective on shares of Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd.

Lineage Price Performance

Lineage stock opened at $37.69 on Friday. Lineage has a 52 week low of $31.33 and a 52 week high of $58.86. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $36.83 and its 200 day simple moving average is $36.75. The firm has a market capitalization of $8.56 billion, a PE ratio of -87.65 and a beta of 0.10.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Lineage’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that Lineage will post 2.34 EPS for the current fiscal year.

Lineage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Tuesday, March 31st. This is an increase from Lineage’s previous quarterly dividend of $0.53. Lineage’s payout ratio is currently -495.35%.

Insider Buying and Selling at Lineage

In related news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the acquisition, the chairman directly owned 113,690 shares in the company, valued at approximately $4,263,375. The trade was a 13.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 71.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Lineage by 58.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock worth $2,937,000 after purchasing an additional 27,905 shares in the last quarter. Waterfall Asset Management LLC acquired a new stake in Lineage during the 3rd quarter worth approximately $6,275,000. Corient Private Wealth LLC increased its position in Lineage by 590.5% during the 2nd quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock worth $3,859,000 after purchasing an additional 75,838 shares in the last quarter. SCP Investment LP increased its position in Lineage by 113.3% during the 3rd quarter. SCP Investment LP now owns 480,000 shares of the company’s stock worth $18,547,000 after purchasing an additional 255,000 shares in the last quarter. Finally, Barclays PLC increased its position in Lineage by 8,719.8% during the 3rd quarter. Barclays PLC now owns 1,022,125 shares of the company’s stock worth $39,495,000 after purchasing an additional 1,010,536 shares in the last quarter.

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.