KLP Kapitalforvaltning AS Makes New Investment in Lineage, Inc. $LINE

KLP Kapitalforvaltning AS acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,600 shares of the company’s stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Lineage by 172.4% in 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 in the last quarter. Signaturefd LLC increased its holdings in Lineage by 132.3% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $28,000 after purchasing an additional 369 shares during the last quarter. Strs Ohio raised its position in shares of Lineage by 0.5% in the 2nd quarter. Strs Ohio now owns 98,088 shares of the company’s stock valued at $4,269,000 after purchasing an additional 488 shares in the last quarter. First Pacific Financial raised its position in shares of Lineage by 16.8% in the 2nd quarter. First Pacific Financial now owns 3,576 shares of the company’s stock valued at $156,000 after purchasing an additional 515 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after buying an additional 614 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LINE shares. Barclays restated an “equal weight” rating and issued a $38.00 price target (down previously from $47.00) on shares of Lineage in a research note on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Lineage from $51.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Scotiabank boosted their price objective on Lineage from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Friday. Finally, The Goldman Sachs Group reduced their target price on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $42.06.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $36.32 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $35.16 and its two-hundred day moving average price is $39.07. Lineage, Inc. has a 52-week low of $32.46 and a 52-week high of $62.30. The stock has a market capitalization of $8.29 billion, a P/E ratio of -45.97 and a beta of -0.19.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, November 5th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.78 by $0.07. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.30%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. As a group, sell-side analysts forecast that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st will be given a $0.5275 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 5.8%. Lineage’s dividend payout ratio (DPR) is currently -267.09%.

Insider Buying and Selling

In other news, Chairman Kevin Patrick Marchetti purchased 14,500 shares of Lineage stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $33.72 per share, with a total value of $488,940.00. Following the completion of the acquisition, the chairman owned 89,168 shares in the company, valued at $3,006,744.96. The trade was a 19.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robb A. Lemasters purchased 30,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $33.74 per share, with a total value of $1,012,200.00. Following the transaction, the chief financial officer directly owned 60,000 shares of the company’s stock, valued at approximately $2,024,400. The trade was a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 129,000 shares of company stock valued at $4,366,940. 71.90% of the stock is owned by corporate 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.