Public Employees Retirement System of Ohio Takes $4.34 Million Position in Lineage, Inc. $LINE

Public Employees Retirement System of Ohio acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 2nd quarter, Holdings Channel reports. The firm acquired 100,354 shares of the company’s stock, valued at approximately $4,340,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 362 shares during the last quarter. Paralel Advisors LLC acquired a new position in Lineage during the second quarter worth approximately $26,000. Rothschild Investment LLC raised its stake in Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the period. Allworth Financial LP raised its stake in Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Lineage in the second quarter valued at approximately $48,000.

Insider Transactions at Lineage

In other Lineage news, CFO Robb LeMasters acquired 20,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer directly owned 49,500 shares of the company’s stock, valued at approximately $2,045,835. This trade represents a 67.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kevin Marchetti bought 25,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $39.50 per share, for a total transaction of $987,500.00. Following the transaction, the chairman owned 138,690 shares in the company, valued at approximately $5,478,255. This represents a 21.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 71.60% of the company’s stock.

Lineage Stock Down 1.2%

LINE stock opened at $38.33 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of -53.24 and a beta of 0.82. The business’s fifty day moving average price is $42.21 and its two-hundred day moving average price is $39.85. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.75.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. Lineage’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, equities analysts anticipate that Lineage, Inc. will post 2.51 earnings per share for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were paid a $0.5325 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.6%. Lineage’s payout ratio is -295.83%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LINE. 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 research note on Monday, August 17th. Citigroup raised their price target on Lineage from $42.00 to $43.00 and gave the company a “neutral” rating in a report 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. Scotiabank reiterated a “sector perform” rating and issued a $45.00 price objective on shares of Lineage in a report on Thursday, June 18th. Finally, Wells Fargo & Company increased their price objective on shares of Lineage from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.20.

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.