Villere ST Denis J & Co. LLC Acquires 19,731 Shares of Lineage, Inc. $LINE

Villere ST Denis J & Co. LLC lifted its holdings in Lineage, Inc. (NASDAQ:LINE) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 608,457 shares of the company’s stock after buying an additional 19,731 shares during the quarter. Lineage makes up about 2.3% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 24th largest holding. Villere ST Denis J & Co. LLC’s holdings in Lineage were worth $23,511,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares during the period. Signaturefd LLC lifted its position in Lineage by 132.3% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Allworth Financial LP lifted its position in Lineage by 426.4% in the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after acquiring an additional 614 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Lineage by 29,300.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 882 shares of the company’s stock worth $38,000 after purchasing an additional 879 shares during the period.

Lineage Stock Performance

Shares of LINE opened at $35.25 on Tuesday. The company has a market cap of $8.05 billion, a PE ratio of -44.62 and a beta of -0.19. The firm has a 50-day moving average of $35.66 and a 200-day moving average of $38.41. Lineage, Inc. has a one year low of $32.46 and a one year high of $62.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.86.

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

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is currently -267.09%.

Analyst Upgrades and Downgrades

LINE has been the topic of several recent research reports. Zacks Research downgraded Lineage from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. UBS Group decreased their price objective on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Evercore ISI cut their target price on Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, November 10th. Piper Sandler reaffirmed a “neutral” rating and set a $41.00 price target (down from $55.00) on shares of Lineage in a research note on Thursday, November 6th. Finally, Citigroup cut their price objective on shares of Lineage from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $42.06.

Insider Activity at Lineage

In related news, Chairman Kevin Patrick Marchetti bought 14,500 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $33.72 per share, for a total transaction of $488,940.00. Following the purchase, the chairman owned 89,168 shares in the company, valued at $3,006,744.96. This represents a 19.42% 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 Adam Matthew Schwartz Forste bought 74,000 shares of Lineage stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $33.83 per share, with a total value of $2,503,420.00. Following the acquisition, the chairman directly owned 109,266 shares in the company, valued at $3,696,468.78. This trade represents a 209.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 129,000 shares of company stock valued at $4,366,940 over the last three months. Company insiders own 71.90% of the company’s stock.

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.