Lineage (NASDAQ:LINE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lineage (NASDAQ:LINE) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other brokerages also recently weighed in on LINE. Robert W. Baird set a $43.00 price target on Lineage in a report on Thursday. Evercore set a $44.00 price target on Lineage in a research note on Monday, June 8th. Mizuho upgraded Lineage from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. Wells Fargo & Company lowered their price objective 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. Finally, UBS Group upped their target price on Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.73.

Lineage Stock Performance

Shares of LINE opened at $41.35 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.78. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of -57.43 and a beta of 0.84. The company’s 50 day simple moving average is $42.89 and its 200 day simple moving average is $39.38. Lineage has a 1 year low of $31.33 and a 1 year high of $45.75.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were issued a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Tuesday, June 30th. Lineage’s payout ratio is presently -295.83%.

Insider Buying and Selling

In related news, CFO Robb A. Lemasters purchased 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 71.60% of the company’s stock.

Institutional Trading of Lineage

Several institutional investors have recently made changes to their positions in LINE. Royal Bank of Canada increased its holdings in shares of Lineage by 15.2% during the 1st quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock worth $290,000 after buying an additional 653 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Lineage during the first quarter valued at about $886,000. Millennium Management LLC grew its position in Lineage by 197.0% during the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock valued at $16,916,000 after acquiring an additional 191,362 shares during the period. Invesco Ltd. grew its position in Lineage by 15.5% during the second quarter. Invesco Ltd. now owns 148,086 shares of the company’s stock valued at $6,445,000 after acquiring an additional 19,927 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 362 shares during the last quarter.

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.