Lineage (NASDAQ:LINE) Reaches New 1-Year High – Should You Buy?

Lineage, Inc. (NASDAQ:LINE) reached a new 52-week high on Tuesday . The company traded as high as $45.75 and last traded at $44.8310, with a volume of 92739 shares changing hands. The stock had previously closed at $43.49.

Wall Street Analyst Weigh In

Several research analysts have commented on LINE shares. Wells Fargo & Company cut their target price on Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Compass Point started coverage on Lineage in a research note on Wednesday, March 18th. They issued a “buy” rating and a $47.00 price target for the company. Barclays raised their price objective on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Morgan Stanley upped their target price on Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.62.

Lineage Price Performance

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 business has a 50 day moving average price of $41.25 and a 200-day moving average price of $38.08. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of -72.39 and a beta of 0.85.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations 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 was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. Research analysts predict that Lineage, Inc. will post 2.44 EPS for the current fiscal year.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.5325 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 4.7%. Lineage’s dividend payout ratio (DPR) is -343.55%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Lineage by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after buying an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Lineage by 172.4% during the second 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 last quarter. Vanderbilt University increased its holdings in Lineage by 4.1% during the first quarter. Vanderbilt University now owns 10,925 shares of the company’s stock worth $358,000 after buying an additional 431 shares during the last quarter. Allworth Financial LP raised its position in Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Lineage by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock worth $70,000 after acquiring an additional 502 shares during the period.

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.