Jupiter Topco LLC Purchases New Stake in Lineage, Inc. $LINE

Jupiter Topco LLC acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,678 shares of the company’s stock, valued at approximately $1,197,000.

A number of other large investors have also recently bought and sold shares of LINE. Hsbc Holdings PLC acquired a new position in shares of Lineage in the 2nd quarter valued at approximately $6,261,000. Canada Pension Plan Investment Board acquired a new stake in shares of Lineage in the 2nd quarter valued at $41,271,000. Legal & General Group Plc acquired a new stake in shares of Lineage in the 2nd quarter valued at $13,665,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Lineage in the 2nd quarter valued at $1,197,000. Finally, Cibc World Market Inc. bought a new position in shares of Lineage in the 2nd quarter valued at $722,000.

Insiders Place Their Bets

In related news, Chairman Kevin Marchetti bought 25,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of $39.50 per share, with a total value of $987,500.00. Following the transaction, the chairman directly owned 138,690 shares in the company, valued at approximately $5,478,255. This trade represents a 21.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robb LeMasters bought 20,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the acquisition, the chief financial officer directly owned 49,500 shares in the company, valued at approximately $2,045,835. This trade represents a 67.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 71.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LINE. Wells Fargo & Company boosted their price target on Lineage from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday. Robert W. Baird set a $43.00 price objective on Lineage in a research note on Thursday, August 6th. Wall Street Zen upgraded Lineage from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Barclays boosted their target price on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Finally, Truist Financial raised their price target on shares of Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Lineage presently has a consensus rating of “Hold” and an average price target of $44.20.

Lineage Price Performance

Shares of LINE opened at $38.17 on Friday. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The business has a 50-day simple moving average of $42.09 and a two-hundred day simple moving average of $39.84. 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 market cap of $8.69 billion, a PE ratio of -53.01 and a beta of 0.82.

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

Lineage Dividend Announcement

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

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.