Lineage, Inc. (NASDAQ:LINE) Receives $43.28 Average Target Price from Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have received a consensus rating of “Reduce” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.5556.

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Evercore set a $41.00 price objective on Lineage in a report on Thursday, May 7th. Barclays raised their price objective on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Finally, Citigroup raised their price objective on Lineage from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd.

Lineage Stock Performance

Lineage stock opened at $43.20 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The stock has a fifty day moving average of $37.52 and a two-hundred day moving average of $36.89. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of -69.68 and a beta of 0.88. Lineage has a fifty-two week low of $31.33 and a fifty-two week high of $46.99.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.86 earnings per share. Lineage’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Lineage will post 2.39 EPS for the current fiscal year.

Lineage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a dividend yield of 4.9%. This is a positive change from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, March 31st. Lineage’s payout ratio is -343.55%.

Insider Activity

In other Lineage news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the chairman directly owned 113,690 shares of the company’s stock, valued at $4,263,375. This trade represents a 13.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 71.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lineage

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares during the period. Jones Financial Companies Lllp raised its position in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares during the period. Rothschild Investment LLC raised its position in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Caitlin John LLC purchased a new position in shares of Lineage in the 3rd quarter worth $31,000. Finally, Allworth Financial LP raised its position in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period.

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.