Villere ST Denis J & Co. LLC Has $23.51 Million Holdings in Lineage, Inc. $LINE

Villere ST Denis J & Co. LLC raised its position in shares of Lineage, Inc. (NASDAQ:LINE) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 608,457 shares of the company’s stock after buying an additional 19,731 shares during the period. Lineage comprises 2.3% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 24th biggest position. Villere ST Denis J & Co. LLC owned about 0.27% of Lineage worth $23,511,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 362 shares in the last quarter. Signaturefd LLC boosted its stake in Lineage by 132.3% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $28,000 after purchasing an additional 369 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Allworth Financial LP increased its stake in shares of Lineage by 426.4% in the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after buying an additional 614 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Lineage by 29,300.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 882 shares of the company’s stock valued at $38,000 after buying an additional 879 shares during the last quarter.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 16th. Wells Fargo & Company reduced their target price on shares of Lineage from $43.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Scotiabank raised their price target on shares of Lineage from $37.00 to $39.00 and gave the company a “sector perform” rating in a report on Friday, January 9th. Zacks Research cut shares of Lineage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $42.06.

Lineage Stock Down 1.3%

Shares of Lineage stock opened at $35.25 on Tuesday. The business has a fifty day simple moving average of $35.66 and a 200 day simple moving average of $38.41. The stock has a market cap of $8.05 billion, a PE ratio of -44.62 and a beta of -0.19. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. Lineage, Inc. has a 12 month low of $32.46 and a 12 month high of $62.30.

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

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were issued a dividend of $0.5275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 6.0%. Lineage’s payout ratio is currently -267.09%.

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.