Capital Research Global Investors Buys 120,616 Shares of Lineage, Inc. $LINE

Capital Research Global Investors boosted its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,152,949 shares of the company’s stock after buying an additional 120,616 shares during the quarter. Capital Research Global Investors’ holdings in Lineage were worth $121,830,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LINE. Jones Financial Companies Lllp increased its position in Lineage by 82.2% in the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 buying an additional 362 shares during the period. Allworth Financial LP lifted its position 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 in the last quarter. California State Teachers Retirement System grew its stake in shares of Lineage by 16.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,455 shares of the company’s stock valued at $194,000 after acquiring an additional 626 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Lineage by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,694 shares of the company’s stock valued at $606,000 after acquiring an additional 651 shares during the period.

Insider Buying and Selling

In related news, Chairman Kevin Patrick Marchetti purchased 11,222 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were acquired at an average price of $39.05 per share, for a total transaction of $438,219.10. Following the purchase, the chairman directly owned 100,390 shares in the company, valued at $3,920,229.50. This trade represents a 12.59% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 71.90% of the stock is currently owned by insiders.

Lineage Trading Up 0.1%

LINE stock opened at $39.20 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. Lineage, Inc. has a 1-year low of $32.46 and a 1-year high of $61.01. The business has a 50 day simple moving average of $37.48 and a two-hundred day simple moving average of $37.82. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of -91.16 and a beta of -0.42.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm posted $0.83 EPS. Lineage’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts anticipate that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is currently -490.70%.

Key Stories Impacting Lineage

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Chairman Kevin P. Marchetti bought 11,222 shares at about $39.05 each (~$438k total), increasing his direct position to 100,390 shares (a 12.6% rise in his holdings). Insider buying by a senior executive is typically viewed as a vote of confidence in the company’s outlook. SEC Form 4
• Positive Sentiment: Short interest fell sharply in February — down ~27.6% to 6.95M shares as of Feb. 27 — reducing bearish pressure. Shorts now represent about 10.9% of shares and the days-to-cover is ~4.3, which can temper downside volatility as short covering risk declines. (No link provided.)
• Positive Sentiment: Scotiabank raised its price target from $39 to $42 and maintained a “sector perform” rating, implying modest upside versus recent levels; analyst target lifts can support buying interest. Benzinga
• Positive Sentiment: Zacks upgraded LINE from “strong sell” to “hold,” which may attract some buyers who follow Zacks signals or revise models upward. Zacks
• Neutral Sentiment: Several gaming/media posts referencing a Roblox game called “Bizarre Lineage” appeared (guides and how-tos). These are unrelated to Lineage, Inc.’s business and are noise for investors. Examples: VG247 (Made In Heaven) VG247, IGN (Worthiness) IGN, Beebom (Prestige) Beebom

Wall Street Analyst Weigh In

LINE has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Lineage from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Scotiabank upped their price target on shares of Lineage from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, November 14th. Truist Financial raised their price objective on shares of Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Citigroup lifted their target price on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Lineage currently has an average rating of “Hold” and an average target price of $43.18.

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.