Shares of Lineage, Inc. (NASDAQ:LINE – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.75 and last traded at $44.8310, with a volume of 92739 shares. The stock had previously closed at $43.49.
Wall Street Analyst Weigh In
Several equities analysts recently commented on LINE shares. Compass Point began coverage on Lineage in a research note on Wednesday, March 18th. They issued a “buy” rating and a $47.00 price objective on the stock. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Piper Sandler lowered their target price on Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Barclays upped their price target on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.62.
Check Out Our Latest Analysis on LINE
Lineage Stock Up 3.2%
Lineage (NASDAQ:LINE – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, research analysts forecast that Lineage, Inc. will post 2.44 earnings per share for the current year.
Lineage Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Lineage’s payout ratio is presently -343.55%.
Institutional Investors Weigh In On Lineage
A number of institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares in the last quarter. Rothschild Investment LLC raised its position in Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares in the last quarter. Allworth Financial LP raised its position in Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after purchasing an additional 485 shares in the last quarter. Aew Capital Management L P bought a new stake in Lineage during the fourth quarter worth about $42,000. Finally, Caitlin John LLC lifted its stake in Lineage by 88.4% during the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after purchasing an additional 707 shares during the last quarter.
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.
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