15,177 Shares in Lineage, Inc. $LINE Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the first quarter, Holdings Channel reports. The fund bought 15,177 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LINE. EverSource Wealth Advisors LLC raised its stake in shares of Lineage by 172.4% during the second 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 last quarter. 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 Down 0.0%

Lineage stock opened at $43.99 on Thursday. The company has a market capitalization of $10.02 billion, a PE ratio of -70.95 and a beta of 0.85. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The firm’s fifty day moving average is $42.23 and its 200 day moving average is $38.53. 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 (NASDAQ:LINE) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $1.01. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.86 earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts predict that Lineage, Inc. will post 2.44 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th will be paid a $0.5325 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 4.8%. Lineage’s dividend payout ratio (DPR) is currently -343.55%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. The Goldman Sachs Group upped their price target on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Truist Financial increased their price target on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Compass Point initiated coverage on Lineage in a research report on Wednesday, March 18th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Piper Sandler cut their price objective on Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.62.

Lineage 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.