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

Lineage, Inc. (NASDAQ:LINE) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $44.20.

A number of equities research analysts have weighed in on LINE shares. Evercore set a $44.00 target price on Lineage in a report on Monday, June 8th. Morgan Stanley boosted their price target on Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their price objective on Lineage from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday. Piper Sandler lifted their target price on Lineage from $35.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Robert W. Baird set a $43.00 target price on Lineage in a research report on Thursday, August 6th.

Lineage Stock Down 0.7%

Shares of NASDAQ LINE opened at $41.46 on Friday. Lineage has a 12-month low of $31.33 and a 12-month high of $45.75. The stock has a market cap of $9.44 billion, a PE ratio of -57.58 and a beta of 0.85. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $42.64 and a 200 day moving average of $39.70.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.98. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts predict that Lineage will post 2.49 EPS for the current fiscal year.

Lineage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were paid a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Lineage’s dividend payout ratio (DPR) is presently -295.83%.

Trending Headlines about Lineage

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Lineage said cleanup at the Boyle Heights facility is in its “final stretch,” suggesting the company is working toward resolving the incident and reducing ongoing operational and community concerns. Lineage says cleanup at Boyle Heights warehouse is in the final stretch
• Neutral Sentiment: Los Angeles extended its emergency declaration for the area near the burned-out warehouse, indicating that authorities continue to monitor conditions and manage the aftermath. The extension does not quantify Lineage’s financial exposure but keeps the incident in the public spotlight. LA extends emergency declaration near burned-out Lineage warehouse area
• Negative Sentiment: Lineage reportedly missed a deadline to remove rotting food from the warehouse. Failure to complete the work on time could lead to additional penalties, cleanup expenses and pressure from local officials. Lineage misses deadline for food waste removal at Boyle Heights warehouse
• Negative Sentiment: New reporting cited health concerns among Boyle Heights residents following the warehouse fire, despite earlier assurances that the surrounding air was not dangerous. This raises the risk of further investigations, claims and reputational harm. Residents were told the air around Lineage was not dangerous
• Negative Sentiment: Coverage linked the warehouse fire to reported health impacts among residents, potentially increasing legal, regulatory and remediation risks for Lineage. Lineage warehouse fire linked to health impacts

Insider Activity

In related news, CFO Robb A. Lemasters acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the transaction, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 71.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LINE. Norges Bank acquired a new position in shares of Lineage during the fourth quarter worth $482,255,000. BlackRock Inc. bought a new position in shares of Lineage during the second quarter worth about $227,511,000. Darlington Partners Capital Management LP raised its position 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 worth $198,332,000 after acquiring an additional 1,605,810 shares during the last quarter. Morgan Stanley lifted its stake in shares of Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after acquiring an additional 3,968,958 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Lineage by 712.1% in the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after acquiring an additional 3,165,593 shares during the period.

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.