UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $17.23 Million Stock Holdings in Lineage, Inc. $LINE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 2,845,507.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,385 shares of the company’s stock after acquiring an additional 398,371 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lineage were worth $17,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares during the last quarter. Rothschild Investment LLC increased its holdings in Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares in the last quarter. Paralel Advisors LLC acquired a new position in Lineage in the second quarter valued at approximately $26,000. Allworth Financial LP boosted 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 worth $33,000 after buying an additional 485 shares in the last quarter. Finally, Aew Capital Management L P bought a new position in shares of Lineage during the 4th quarter worth approximately $42,000.

Lineage Stock Down 0.4%

Shares of NASDAQ LINE opened at $38.17 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. The company has a 50-day moving average price of $42.09 and a 200-day moving average price of $39.84. The stock has a market capitalization of $8.69 billion, a P/E ratio of -53.01 and a beta of 0.82. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $45.75.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.98. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. On average, equities research analysts forecast that Lineage, Inc. will post 2.51 EPS for the current fiscal year.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were issued a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Lineage’s dividend payout ratio (DPR) is currently -295.83%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LINE. Truist Financial boosted their target price on shares of Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Piper Sandler decreased their price target on shares of Lineage from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, August 27th. Citigroup upped their price objective on shares of Lineage from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings upgraded Lineage from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $45.00 price target on shares of Lineage in a research note on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.20.

Insider Activity at Lineage

In related news, Chairman Kevin Marchetti acquired 25,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were acquired at an average cost of $39.50 per share, for a total transaction of $987,500.00. Following the purchase, the chairman owned 138,690 shares in the company, valued at approximately $5,478,255. The trade was a 21.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robb A. Lemasters bought 20,000 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer owned 49,500 shares of the company’s stock, valued at $2,045,835. The trade was a 67.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 71.60% of the stock is owned by insiders.

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.