Kennedy Capital Management LLC Acquires Shares of 134,836 Lineage, Inc. $LINE

Kennedy Capital Management LLC acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 134,836 shares of the company’s stock, valued at approximately $4,719,000. Kennedy Capital Management LLC owned about 0.06% of Lineage at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LINE. Jones Financial Companies Lllp lifted its stake in Lineage by 82.2% in 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 last quarter. EverSource Wealth Advisors LLC lifted its stake in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares during the last quarter. Rothschild Investment LLC lifted its stake in Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Caitlin John LLC purchased a new stake in Lineage in the third quarter valued at approximately $31,000. Finally, Allworth Financial LP lifted its stake in Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LINE shares. The Goldman Sachs Group boosted their price objective on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Evercore set a $44.00 price objective on Lineage in a research note on Monday, June 8th. Scotiabank boosted their price objective on Lineage from $39.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research note on Friday, March 27th. Finally, Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Four 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’s stock. According to MarketBeat, Lineage has a consensus rating of “Hold” and a consensus target price of $43.82.

Lineage Price Performance

Lineage stock opened at $43.37 on Tuesday. Lineage, Inc. has a 12 month low of $31.33 and a 12 month high of $46.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The business has a 50 day simple moving average of $39.03 and a 200-day simple moving average of $37.36. The stock has a market capitalization of $9.87 billion, a PE ratio of -69.95 and a beta of 0.87.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts predict that Lineage, Inc. will post 2.39 earnings per share for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be given a $0.5325 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 4.9%. Lineage’s dividend payout ratio is presently -343.55%.

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.