Lineage (NASDAQ:LINE) CFO Buys $826,600.00 in Stock

Lineage, Inc. (NASDAQ:LINE) CFO Robb Lemasters acquired 20,000 shares of Lineage stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $41.33 per share, with a total value of $826,600.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Lineage Stock Down 0.7%

LINE stock opened at $41.50 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $42.86 and its 200 day moving average price is $39.47. Lineage, Inc. has a 52 week low of $31.33 and a 52 week high of $45.75. The company has a market cap of $9.45 billion, a P/E ratio of -57.64 and a beta of 0.85.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.1%. Lineage’s payout ratio is -295.83%.

Hedge Funds Weigh In On Lineage

A number of institutional investors have recently made changes to their positions in LINE. Evolve Private Wealth LLC purchased a new stake in shares of Lineage in the second quarter valued at $369,000. Ieq Capital LLC purchased a new stake in Lineage during the 2nd quarter worth about $11,015,000. Paralel Advisors LLC acquired a new position in Lineage in the 2nd quarter valued at about $26,000. Allworth Financial LP purchased a new position in Lineage in the 2nd quarter valued at about $315,000. Finally, Mystic Asset Management Inc. purchased a new position in Lineage in the 2nd quarter valued at about $223,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LINE. Wells Fargo & Company reduced their price objective on Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Scotiabank restated a “sector perform” rating and issued a $45.00 price target on shares of Lineage in a research report on Thursday, June 18th. Robert W. Baird set a $43.00 price target on Lineage in a research note on Thursday, August 6th. Barclays boosted their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Lineage from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Five investment 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. Based on data from MarketBeat, Lineage currently has a consensus rating of “Hold” and a consensus target price of $43.87.

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.