Villere ST Denis J & Co. LLC Acquires 128,313 Shares of Lineage, Inc. $LINE

Villere ST Denis J & Co. LLC lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 736,770 shares of the company’s stock after purchasing an additional 128,313 shares during the period. Lineage accounts for 2.6% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 17th biggest position. Villere ST Denis J & Co. LLC’s holdings in Lineage were worth $25,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Lineage by 3.1% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,885 shares of the company’s stock worth $1,116,000 after purchasing an additional 963 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lineage by 33.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock worth $70,000 after purchasing an additional 502 shares in the last quarter. CWM LLC raised its stake in shares of Lineage by 90.6% during the 4th quarter. CWM LLC now owns 26,647 shares of the company’s stock worth $933,000 after purchasing an additional 12,667 shares in the last quarter. Patten Group Inc. bought a new stake in shares of Lineage during the 4th quarter worth approximately $485,000. Finally, Vanderbilt University bought a new stake in shares of Lineage during the 4th quarter worth approximately $367,000.

Lineage Stock Down 1.8%

LINE stock opened at $35.96 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $8.17 billion, a PE ratio of -83.63 and a beta of 0.10. Lineage, Inc. has a 1-year low of $31.33 and a 1-year high of $58.86. The business’s 50 day simple moving average is $36.66 and its 200 day simple moving average is $36.66.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that Lineage, Inc. will post 2.42 EPS for the current year.

Lineage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st were issued a $0.5325 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.13 dividend on an annualized basis and a yield of 5.9%. This is a positive change from Lineage’s previous quarterly dividend of $0.53. Lineage’s payout ratio is currently -495.35%.

Insider Buying and Selling

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $37.50 per share, with a total value of $498,750.00. Following the acquisition, the chairman directly owned 113,690 shares in the company, valued at $4,263,375. This represents a 13.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 71.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LINE. Scotiabank upped their price objective on Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada upped their price objective on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. The Goldman Sachs Group upped their price objective on Lineage from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research note on Friday, March 27th. Finally, UBS Group dropped their price objective on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lineage has an average rating of “Hold” and an average price target of $43.28.

Lineage 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.