Lineage, Inc. (NASDAQ:LINE) Receives $42.06 Consensus Price Target from Analysts

Lineage, Inc. (NASDAQ:LINE) has received an average rating of “Reduce” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.0588.

Several research analysts recently weighed in on LINE shares. Barclays restated an “equal weight” rating and set a $38.00 target price (down from $47.00) on shares of Lineage in a research note on Tuesday, January 13th. Piper Sandler reiterated a “neutral” rating and issued a $41.00 price target (down previously from $55.00) on shares of Lineage in a report on Thursday, November 6th. Evercore ISI cut their price target on Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. dropped their price objective on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, November 14th. Finally, Truist Financial set a $40.00 price target on Lineage in a research note on Monday, December 22nd.

Lineage Trading Down 0.8%

LINE opened at $35.71 on Monday. The stock has a fifty day moving average price of $35.65 and a 200-day moving average price of $38.49. Lineage has a 12 month low of $32.46 and a 12 month high of $62.30. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.76. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -45.20 and a beta of -0.19.

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

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is presently -267.09%.

Insider Transactions at Lineage

In other Lineage news, CFO Robb A. Lemasters bought 30,000 shares of Lineage stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $33.74 per share, for a total transaction of $1,012,200.00. Following the completion of the transaction, the chief financial officer directly owned 60,000 shares of the company’s stock, valued at approximately $2,024,400. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kevin Patrick Marchetti acquired 14,500 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $33.72 per share, with a total value of $488,940.00. Following the acquisition, the chairman owned 89,168 shares in the company, valued at $3,006,744.96. The trade was a 19.42% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 129,000 shares of company stock valued at $4,366,940. 71.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Lineage

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares during the period. Signaturefd LLC grew its position in Lineage by 132.3% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares during the period. Allworth Financial LP lifted its holdings in Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after buying an additional 614 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Lineage in the third quarter worth $31,000.

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.