First Trust Advisors LP Has $3.39 Million Position in Lineage, Inc. $LINE

First Trust Advisors LP boosted its holdings in Lineage, Inc. (NASDAQ:LINE) by 1,328.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,602 shares of the company’s stock after buying an additional 96,351 shares during the quarter. First Trust Advisors LP’s holdings in Lineage were worth $3,394,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares during the period. Rothschild Investment LLC lifted its holdings in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the period. Allworth Financial LP grew its stake in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after purchasing an additional 485 shares during the last quarter. Aew Capital Management L P bought a new stake in shares of Lineage in the fourth quarter worth $42,000. Finally, Caitlin John LLC increased its holdings in Lineage by 88.4% in the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock valued at $53,000 after purchasing an additional 707 shares during the period.

Lineage Stock Performance

Shares of LINE stock opened at $40.64 on Friday. The firm has a 50 day moving average of $42.98 and a 200-day moving average of $39.29. The company has a market cap of $9.25 billion, a price-to-earnings ratio of -56.44 and a beta of 0.85. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Lineage, Inc. has a 52 week low of $31.33 and a 52 week high of $45.75.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $1.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.83%. Lineage’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities analysts forecast that Lineage, Inc. will post 2.49 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Lineage’s dividend payout ratio is -343.55%.

Key Headlines Impacting Lineage

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Lineage reported adjusted funds from operations (FFO) of $0.76 per share, above the $0.71 consensus estimate, while revenue reached approximately $1.36 billion versus expectations of $1.35 billion. Revenue increased 0.8% year over year, although FFO declined from $0.81 per share in the prior-year quarter. Lineage beats Q2 FFO and revenue estimates
• Neutral Sentiment: Management outlined a substantial cleanup effort. Lineage expects to spend between $80 million and $100 million addressing the warehouse fire’s aftermath, including odor-control and remediation measures. The final financial impact and insurance coverage remain important uncertainties for investors. Lineage to spend $80 to $100 million on warehouse fire cleanup efforts
• Negative Sentiment: Regulatory pressure is intensifying. The South Coast Air Quality Management District is considering an abatement order and has added odor-control requirements following complaints about foul smells from the damaged facility. Regulators are scheduled to hear from Lineage officials, while residents continue to demand action. Lineage under fire at AQMD hearing
• Negative Sentiment: Potential environmental and liability risks remain. The EPA has requested information about a possible hazardous chemical release, and newly reported ammonia data has heightened concerns about public health and compliance. Prolonged cleanup, possible penalties, litigation, and reputational damage could pressure future earnings and cash flow. EPA letter and new ammonia data

Analysts Set New Price Targets

Several research analysts recently issued reports on LINE shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research report on Wednesday, June 24th. Wells Fargo & Company reduced their price target on Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Truist Financial raised their price objective on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. UBS Group lifted their price objective on Lineage from $35.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lineage has a consensus rating of “Hold” and a consensus target price of $43.62.

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.