Lineage (NASDAQ:LINE) Chairman Acquires $987,500.00 in Stock

Lineage, Inc. (NASDAQ:LINE) Chairman Kevin Marchetti purchased 25,000 shares of Lineage stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of $39.50 per share, with a total value of $987,500.00. Following the transaction, the chairman owned 138,690 shares in the company, valued at $5,478,255. This represents a 21.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lineage Trading Down 1.2%

Shares of NASDAQ LINE opened at $38.33 on Friday. Lineage, Inc. has a one year low of $31.33 and a one year high of $45.75. 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 firm has a market capitalization of $8.73 billion, a PE ratio of -53.24 and a beta of 0.82. The business has a 50-day moving average price of $42.21 and a two-hundred day moving average price of $39.85.

Lineage (NASDAQ:LINE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.98. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $0.81 EPS. Lineage’s revenue was up .8% on a year-over-year basis. As a group, analysts predict that Lineage, Inc. will post 2.51 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were given a $0.5325 dividend. This represents a $2.13 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Lineage’s payout ratio is currently -295.83%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LINE shares. Truist Financial increased their price target on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen raised Lineage from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada lifted their target price on shares of Lineage from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. UBS Group upped their price target on Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Morgan Stanley raised their price objective on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LINE. Norges Bank bought a new position in Lineage during the fourth quarter worth about $482,255,000. BlackRock Inc. acquired a new position in shares of Lineage in the second quarter valued at approximately $227,511,000. Morgan Stanley boosted its stake in Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares during the period. Bank of America Corp DE bought a new position in shares of Lineage during the second quarter worth about $156,045,000. Finally, California State Teachers Retirement System grew its stake in shares of Lineage by 4,146.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,404,208 shares of the company’s stock worth $147,232,000 after acquiring an additional 3,324,051 shares in the last quarter.

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.