Insider Buying: Lineage (NASDAQ:LINE) CFO Buys 20,000 Shares of Stock

Lineage, Inc. (NASDAQ:LINE) CFO Robb Lemasters bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Lineage Price Performance

NASDAQ:LINE traded down $1.01 on Monday, reaching $41.35. 1,360,317 shares of the company’s stock traded hands, compared to its average volume of 1,168,611. 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 stock has a 50-day simple moving average of $42.94 and a 200-day simple moving average of $39.33. The firm has a market cap of $9.41 billion, a PE ratio of -57.43 and a beta of 0.84. Lineage, Inc. has a 12 month low of $31.33 and a 12 month high of $45.75.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were given a dividend of $0.5325 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.2%. Lineage’s dividend payout ratio (DPR) is currently -295.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Lineage in the 4th quarter worth approximately $482,255,000. BlackRock Inc. purchased a new stake in Lineage during the 2nd quarter valued at $227,511,000. Morgan Stanley lifted its position in Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after buying an additional 3,968,958 shares during the last quarter. Bank of America Corp DE lifted its position in Lineage by 712.1% in the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after buying an additional 3,165,593 shares during the last quarter. Finally, Darlington Partners Capital Management LP boosted its stake in Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after buying an additional 1,605,810 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LINE. Wells Fargo & Company lowered their price target on Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Scotiabank reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of Lineage in a report on Thursday, June 18th. Barclays boosted their target price on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Morgan Stanley upped their target price on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler raised their target price on shares of Lineage from $35.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Lineage currently has a consensus rating of “Hold” and an average target price of $43.62.

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.