Lineage (NASDAQ:LINE) Given “Equal Weight” Rating at Barclays

Lineage (NASDAQ:LINE)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $38.00 target price on the stock, down from their prior target price of $47.00. Barclays‘s target price suggests a potential upside of 2.18% from the company’s current price.

A number of other equities research analysts have also issued reports on LINE. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Royal Bank Of Canada dropped their target price on Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. UBS Group reduced their price target on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Evercore ISI lowered their price target on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley dropped their price objective on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $42.06.

Lineage Stock Up 1.9%

Lineage stock opened at $37.19 on Tuesday. The business’s 50-day moving average price is $35.19 and its 200 day moving average price is $39.13. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of -47.08 and a beta of -0.19. Lineage has a 52 week low of $32.46 and a 52 week high of $62.30.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, November 5th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.30%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $0.90 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lineage will post 2.34 earnings per share for the current year.

Insider Activity at Lineage

In related news, CFO Robb A. Lemasters bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $33.74 per share, for a total transaction of $1,012,200.00. Following the acquisition, the chief financial officer owned 60,000 shares of the company’s stock, valued at approximately $2,024,400. This trade represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Robert Crisci purchased 10,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $34.56 per share, for a total transaction of $345,600.00. Following the completion of the purchase, the chief financial officer directly owned 107,859 shares of the company’s stock, valued at $3,727,607.04. This represents a 10.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 129,000 shares of company stock worth $4,366,940. Company insiders own 71.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Lineage during the 2nd quarter worth about $606,642,000. Darlington Partners Capital Management LP boosted its stake in Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares during the period. Capital Research Global Investors grew its holdings in shares of Lineage by 4.0% during the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after buying an additional 120,616 shares during the last quarter. State Street Corp grew its stake in shares of Lineage by 8.9% in the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock valued at $78,402,000 after purchasing an additional 145,742 shares during the last quarter. Finally, UBS Group AG increased its stake in Lineage by 107.2% in the 3rd quarter. UBS Group AG now owns 1,358,780 shares of the company’s stock valued at $52,503,000 after buying an additional 703,142 shares during the period.

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.