United Capital Financial Advisors LLC Buys Shares of 17,449 Lineage, Inc. $LINE

United Capital Financial Advisors LLC purchased a new stake in Lineage, Inc. (NASDAQ:LINE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 17,449 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted 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 in the last quarter. Paralel Advisors LLC acquired a new position in Lineage during the second quarter worth about $26,000. Rothschild Investment LLC raised its stake in Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Lineage in the second quarter worth about $48,000.

Lineage Stock Performance

NASDAQ:LINE opened at $39.32 on Monday. The stock has a market cap of $8.95 billion, a P/E ratio of -54.61 and a beta of 0.84. 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 stock’s 50-day moving average is $42.40 and its 200-day moving average is $39.85. Lineage, Inc. has a 1-year low of $31.33 and a 1-year high of $45.75.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that Lineage, Inc. will post 2.51 earnings per share for the current year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.5325 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.4%. Lineage’s dividend payout ratio is -295.83%.

Insider Buying and Selling at Lineage

In other Lineage news, CFO Robb A. Lemasters purchased 20,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the acquisition, the chief financial officer owned 49,500 shares in the company, valued at approximately $2,045,835. The trade was a 67.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 71.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LINE. Scotiabank restated a “sector perform” rating and issued a $45.00 price target on shares of Lineage in a research note on Thursday, June 18th. Morgan Stanley upped their price objective on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 2nd. UBS Group increased their price objective on shares of Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised their target price on shares of Lineage from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of Lineage from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $44.07.

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.