Ieq Capital LLC Purchases Shares of 254,671 Lineage, Inc. $LINE

Ieq Capital LLC acquired a new position in Lineage, Inc. (NASDAQ:LINE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 254,671 shares of the company’s stock, valued at approximately $11,015,000. Ieq Capital LLC owned approximately 0.11% of Lineage at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of LINE. EverSource Wealth Advisors LLC raised its holdings in shares of Lineage by 172.4% during the 2nd 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. Rothschild Investment LLC grew its position in Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the last quarter. Paralel Advisors LLC purchased a new position in shares of Lineage during the second quarter worth approximately $26,000. Allworth Financial LP lifted its holdings in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares during the last quarter. Finally, Aew Capital Management L P purchased a new stake in shares of Lineage in the 4th quarter valued at $42,000.

Lineage Price Performance

Shares of Lineage stock opened at $41.61 on Friday. The firm has a market cap of $9.48 billion, a PE ratio of -57.79 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 company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $42.58 and its two-hundred day simple moving average is $39.71.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, equities analysts expect that Lineage, Inc. will post 2.49 EPS for the current year.

Lineage Announces Dividend

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

Insider Transactions at Lineage

In other Lineage news, CFO Robb A. Lemasters purchased 20,000 shares of the stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $41.33 per share, with a total value of $826,600.00. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 71.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LINE has been the topic of a number of analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $45.00 target price on shares of Lineage in a research report on Thursday, June 18th. Wall Street Zen upgraded Lineage from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Piper Sandler boosted their target price on Lineage from $35.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Evercore set a $44.00 target price on Lineage in a report on Monday, June 8th. Finally, Truist Financial raised their price target on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.20.

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.