Corient Private Wealth LP Takes $3.76 Million Position in Lineage, Inc. $LINE

Corient Private Wealth LP bought a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 86,997 shares of the company’s stock, valued at approximately $3,763,000.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Lineage by 172.4% in the 2nd 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 boosted its holdings in Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the last quarter. Paralel Advisors LLC purchased a new position in Lineage during the 2nd quarter worth $26,000. Allworth Financial LP grew its stake in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares in the last quarter. Finally, Aew Capital Management L P bought a new stake in shares of Lineage in the 4th quarter worth $42,000.

Lineage Trading Down 1.2%

NASDAQ LINE opened at $38.79 on Wednesday. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of -53.87 and a beta of 0.82. Lineage, Inc. has a one year low of $31.33 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. The business’s fifty day moving average is $42.34 and its 200-day moving average is $39.84.

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

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were paid a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Tuesday, June 30th. Lineage’s payout ratio is presently -295.83%.

Insider Transactions at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 25,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $39.50 per share, for a total transaction of $987,500.00. Following the purchase, the chairman directly owned 138,690 shares in the company, valued at approximately $5,478,255. This trade represents a 21.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robb A. Lemasters purchased 20,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 71.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LINE. Barclays increased their target price on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $45.00 price objective on shares of Lineage in a research report on Thursday, June 18th. Wells Fargo & Company increased their price objective on shares of Lineage from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday. Truist Financial lifted their target price on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, UBS Group boosted their target price on Lineage from $35.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Lineage presently has a consensus rating of “Hold” and an average target price of $44.20.

Lineage 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.