Lineage, Inc. (NASDAQ:LINE) Receives Average Recommendation of “Reduce” from Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have received a consensus rating of “Reduce” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.0588.

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price target 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. Evercore reduced their target price on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, November 10th. Barclays reaffirmed a “positive” rating on shares of Lineage in a report on Wednesday, February 4th. Truist Financial set a $40.00 price objective on Lineage in a research note on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th.

Lineage Price Performance

NASDAQ LINE opened at $39.00 on Friday. The stock’s fifty day moving average price is $36.18 and its 200 day moving average price is $38.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.86. The company has a market cap of $8.90 billion, a price-to-earnings ratio of -49.37 and a beta of -0.19. Lineage has a 1 year low of $32.46 and a 1 year high of $62.30.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.4%. Lineage’s dividend payout ratio (DPR) is presently -267.09%.

Institutional Trading of Lineage

Hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in Lineage by 110.2% in the second quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock worth $998,000 after acquiring an additional 12,021 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Lineage by 58.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock worth $2,937,000 after purchasing an additional 27,905 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Lineage by 590.5% during the second quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock worth $3,859,000 after purchasing an additional 75,838 shares in the last quarter. GCM Grosvenor Holdings LLC purchased a new position in Lineage in the second quarter valued at $13,146,000. Finally, Becker Capital Management Inc. purchased a new position in Lineage in the second quarter valued at $1,298,000.

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.