GRS Advisors LLC Raises Stock Holdings in Lineage, Inc. $LINE

GRS Advisors LLC boosted its holdings in Lineage, Inc. (NASDAQ:LINE) by 33.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,105,351 shares of the company’s stock after purchasing an additional 277,099 shares during the period. Lineage comprises 4.0% of GRS Advisors LLC’s holdings, making the stock its 12th largest position. GRS Advisors LLC owned approximately 0.48% of Lineage worth $42,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LINE. EverSource Wealth Advisors LLC raised its stake in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares during the period. Jones Financial Companies Lllp grew its position in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares during the period. Allworth Financial LP grew its position in Lineage by 426.4% during 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 during the period. Caitlin John LLC purchased a new stake in Lineage during the third quarter worth about $31,000. Finally, GF Fund Management CO. LTD. bought a new stake in Lineage in the third quarter worth about $45,000.

Insider Activity at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 11,222 shares of Lineage stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $39.05 per share, for a total transaction of $438,219.10. Following the completion of the transaction, the chairman owned 100,390 shares in the company, valued at $3,920,229.50. This trade represents a 12.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 71.90% of the stock is owned by insiders.

Lineage Stock Performance

NASDAQ LINE opened at $36.43 on Friday. The company’s 50 day moving average is $37.54 and its 200-day moving average is $37.78. Lineage, Inc. has a 12-month low of $32.46 and a 12-month high of $61.01. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. The firm has a market cap of $8.27 billion, a P/E ratio of -84.72 and a beta of -0.42.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is presently -490.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LINE shares. Piper Sandler boosted their target price on shares of Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Barclays reiterated a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Scotiabank increased their price objective on Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Lineage presently has a consensus rating of “Hold” and an average price target of $43.18.

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.