Lineage, Inc. (NASDAQ:LINE) Receives $43.06 Consensus Price Target from Brokerages

Lineage, Inc. (NASDAQ:LINE) has been assigned an average rating of “Reduce” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $43.2222.

Several analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, March 20th. Truist Financial raised their price target on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen cut Lineage from a “sell” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a report on Friday, March 27th.

Lineage News Roundup

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: A bullish analysis suggested automation and robotics could significantly increase Lineage’s per-share value, highlighting potential upside from efficiency gains and long-term margin improvement. Lineage: Robots Could Add $30 Per Share
• Neutral Sentiment: Several unrelated entertainment stories used the word “Lineage” in headlines about a film project and music artist RAYE, but these are not connected to Lineage, Inc. and should not affect the stock. Variety article
• Neutral Sentiment: Short-interest data showed 0 shares reported, indicating no meaningful change in short positioning and little immediate market signal from that release.
• Neutral Sentiment: A GlobeNewswire item about “Lineage Luxury” and gaming updates referencing “Lineage” also appear unrelated to the publicly traded company.

Lineage Stock Performance

NASDAQ:LINE opened at $38.89 on Wednesday. The business’s 50-day moving average price is $36.45 and its two-hundred day moving average price is $36.40. Lineage has a twelve month low of $31.33 and a twelve month high of $48.72. The stock has a market cap of $8.83 billion, a P/E ratio of -62.72 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts predict that Lineage will post 2.39 EPS for the current fiscal year.

Lineage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, March 31st were issued a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from Lineage’s previous quarterly dividend of $0.53. Lineage’s payout ratio is -343.55%.

Insider Buying and Selling at Lineage

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $37.50 per share, with a total value of $498,750.00. Following the acquisition, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. This represents a 13.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 71.90% of the company’s stock.

Hedge Funds Weigh In On Lineage

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in shares of Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lineage by 172.4% during 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 in the last quarter. Rothschild Investment LLC raised its holdings in shares of Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares in the last quarter. Caitlin John LLC purchased a new position in shares of Lineage during the 3rd quarter valued at about $31,000. Finally, Allworth Financial LP raised its holdings in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares in the last quarter.

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.