Lineage, Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:LINE)

Lineage’s (NASDAQ:LINE) lock-up period will end on Tuesday, January 21st. Lineage had issued 56,882,051 shares in its IPO on July 25th. The total size of the offering was $4,436,799,978 based on an initial share price of $78.00. After the end of Lineage’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analysts Set New Price Targets

A number of research firms have recently commented on LINE. The Goldman Sachs Group dropped their price objective on Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird dropped their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada dropped their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Evercore ISI dropped their price objective on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Finally, BNP Paribas assumed coverage on Lineage in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.06.

Lineage Trading Up 1.3 %

Shares of LINE stock opened at $58.18 on Monday. Lineage has a 1-year low of $52.75 and a 1-year high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $60.80.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts predict that Lineage will post 2.33 earnings per share for the current year.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Lineage by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock valued at $595,000 after purchasing an additional 185 shares in the last quarter. US Bancorp DE purchased a new position in Lineage in the third quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in Lineage in the third quarter valued at about $34,000. GAMMA Investing LLC grew its stake in Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 448 shares in the last quarter. Finally, Spirit of America Management Corp NY purchased a new position in Lineage in the third quarter valued at about $165,000.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.