Lineage (NASDAQ:LINE) Reaches New 1-Year Low – Time to Sell?

Shares of Lineage, Inc. (NASDAQ:LINE) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $32.18 and last traded at $32.72, with a volume of 263887 shares trading hands. The stock had previously closed at $33.65.

Analyst Ratings Changes

A number of equities analysts recently commented on LINE shares. Barclays reaffirmed a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their target price on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Compass Point initiated coverage on Lineage in a report on Wednesday, March 18th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Truist Financial upped their price target on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.72.

Lineage Price Performance

The stock’s 50-day moving average is $37.51 and its 200 day moving average is $37.46. The stock has a market capitalization of $7.39 billion, a PE ratio of -75.58 and a beta of -0.42. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. As a group, equities analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Increases Dividend

The company also recently disclosed 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. This is a positive change from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Tuesday, March 31st. Lineage’s dividend payout ratio is -495.35%.

Insider Transactions at Lineage

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $37.50 per share, with a total value of $498,750.00. Following the completion of the transaction, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. This trade represents a 13.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

A number of hedge funds and other institutional investors have recently made changes to their positions in LINE. Norges Bank acquired a new stake in shares of Lineage during the 2nd quarter valued at about $606,642,000. Darlington Partners Capital Management LP raised its position in 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 acquiring an additional 1,605,810 shares in the last quarter. Morgan Stanley raised its position in Lineage by 378.6% during the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after acquiring an additional 3,968,958 shares in the last quarter. Capital Research Global Investors lifted its stake in Lineage by 4.0% in the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock valued at $121,830,000 after acquiring an additional 120,616 shares during the last quarter. Finally, State Street Corp lifted its stake in Lineage by 8.9% in the second quarter. State Street Corp now owns 1,780,270 shares of the company’s stock valued at $78,402,000 after acquiring an additional 145,742 shares during the last quarter.

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.