Lineage (NASDAQ:LINE) Research Coverage Started at Compass Point

Compass Point initiated coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Wednesday, Marketbeat reports. The firm issued a buy rating and a $47.00 price target on the stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group decreased their price objective on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Wells Fargo & Company raised their target price on Lineage from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Lineage from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Finally, Royal Bank Of Canada increased their price target on shares of Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.72.

Lineage Stock Down 4.4%

Lineage stock opened at $35.13 on Wednesday. Lineage has a 1-year low of $32.46 and a 1-year high of $60.79. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of -81.70 and a beta of -0.42. 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 50 day simple moving average of $37.66 and a 200 day simple moving average of $37.62.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was down .2% on a year-over-year basis. On average, analysts predict that Lineage will post 2.34 earnings per share for the current year.

Lineage Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.5325 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.13 annualized dividend and a yield of 6.1%. This is a boost from Lineage’s previous quarterly dividend of $0.53. Lineage’s dividend payout ratio (DPR) is currently -490.70%.

Insider Transactions at Lineage

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Lineage in the second quarter worth about $606,642,000. Morgan Stanley boosted its stake in Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in shares of Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after buying an additional 1,605,810 shares during the last quarter. AQR Capital Management LLC boosted its stake in Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after purchasing an additional 1,149,686 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Lineage in the 3rd quarter worth about $43,804,000.

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.