37,693 Shares in Lineage, Inc. $LINE Purchased by PEAK6 LLC

PEAK6 LLC purchased a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 37,693 shares of the company’s stock, valued at approximately $1,630,000.

Several other institutional investors have also added to or reduced their stakes in LINE. Charles Schwab Investment Management Inc. increased its position in Lineage by 11.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 926,149 shares of the company’s stock worth $32,415,000 after purchasing an additional 93,188 shares during the last quarter. Norges Bank purchased a new position in shares of Lineage in the 4th quarter worth $482,255,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lineage in the 1st quarter worth about $2,009,000. Legal & General Group Plc raised its position in shares of Lineage by 12.2% during the 4th quarter. Legal & General Group Plc now owns 428,280 shares of the company’s stock valued at $14,990,000 after buying an additional 46,488 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Lineage by 122.2% in the 1st quarter. Quantinno Capital Management LP now owns 104,661 shares of the company’s stock valued at $3,429,000 after acquiring an additional 57,553 shares during the last quarter.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $41.61 on Monday. The company has a market capitalization of $9.48 billion, a PE ratio of -57.79 and a beta of 0.84. 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, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The business’s fifty day simple moving average is $42.58 and its 200-day simple moving average is $39.75.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Lineage, Inc. will post 2.49 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LINE shares. Truist Financial boosted their price objective on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada lifted their target price on Lineage from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Mizuho raised Lineage from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, July 28th. Morgan Stanley increased their price target on Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Piper Sandler lifted their price objective on shares of Lineage from $35.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Lineage currently has an average rating of “Hold” and an average price target of $44.20.

Insider Activity

In other news, CFO Robb A. Lemasters acquired 20,000 shares of Lineage stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $41.33 per share, for a total transaction of $826,600.00. Following the purchase, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. The trade was a 67.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 71.60% of the stock is currently owned by insiders.

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.