Lineage, Inc. (NASDAQ:LINE) Receives $43.93 Consensus PT from Brokerages

Shares of Lineage, Inc. (NASDAQ:LINEGet Free Report) have been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $44.20.

LINE has been the subject of a number of analyst reports. Mizuho raised shares of Lineage from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. Citigroup upped their target price on shares of Lineage from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Lineage from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Robert W. Baird set a $43.00 target price on Lineage in a report on Thursday, August 6th. Finally, UBS Group upped their price target on Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 17th.

Get Our Latest Stock Analysis on Lineage

Insider Activity at Lineage

In other news, CFO Robb A. Lemasters bought 20,000 shares of the stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 71.60% of the company’s stock.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently added to or reduced their stakes in LINE. Norges Bank bought a new position in shares of Lineage in the fourth quarter valued at approximately $482,255,000. BlackRock Inc. acquired a new position in shares of Lineage in the 2nd quarter worth approximately $227,511,000. Morgan Stanley boosted its holdings in shares of Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after acquiring an additional 3,968,958 shares in the last quarter. Bank of America Corp DE bought a new stake in Lineage during the 2nd quarter worth approximately $156,045,000. Finally, Darlington Partners Capital Management LP grew its position in Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after acquiring an additional 1,605,810 shares during the last quarter.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $41.37 on Friday. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of -57.46 and a beta of 0.84. Lineage has a one year low of $31.33 and a one year high of $45.75. The business has a fifty day simple moving average of $42.75 and a 200 day simple moving average of $39.62. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84.

Lineage (NASDAQ:LINEGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. Sell-side analysts expect that Lineage will post 2.49 EPS for the current year.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.1%. Lineage’s dividend payout ratio (DPR) is presently -295.83%.

Lineage Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lineage (NASDAQ:LINE)

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