Lineage (NASDAQ:LINE) Chairman Purchases $438,219.10 in Stock

Lineage, Inc. (NASDAQ:LINE) Chairman Kevin Patrick Marchetti acquired 11,222 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $39.05 per share, for a total transaction of $438,219.10. Following the transaction, the chairman owned 100,390 shares in the company, valued at approximately $3,920,229.50. This represents a 12.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lineage Price Performance

Shares of NASDAQ LINE traded up $0.04 during mid-day trading on Wednesday, reaching $39.20. 2,576,411 shares of the company were exchanged, compared to its average volume of 1,503,098. Lineage, Inc. has a 52 week low of $32.46 and a 52 week high of $61.01. The company’s 50 day moving average price is $37.40 and its 200 day moving average price is $37.81. The stock has a market capitalization of $8.90 billion, a PE ratio of -91.16 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 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Sell-side analysts forecast that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.4%. Lineage’s dividend payout ratio is -490.70%.

Hedge Funds Weigh In On Lineage

Several institutional investors and hedge funds have recently bought and sold shares of LINE. Norges Bank purchased a new stake in Lineage in the second quarter worth $606,642,000. Darlington Partners Capital Management LP raised its holdings in Lineage by 45.5% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares in the last quarter. Morgan Stanley raised its holdings in Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Lineage by 4.0% in the 3rd quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after purchasing an additional 120,616 shares during the period. Finally, State Street Corp lifted its position in shares of Lineage by 8.9% in the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after purchasing an additional 145,742 shares during the period.

Lineage News Roundup

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Chairman Kevin Patrick Marchetti bought 11,222 shares at an average $39.05 (Mar 9), increasing his stake to 100,390 shares — a signal of management confidence. SEC filing: Insider Form 4
• Positive Sentiment: Scotiabank raised its price target from $39 to $42 and kept a “sector perform” rating, implying modest upside vs. the current level and providing third‑party validation for the shares. Benzinga
• Positive Sentiment: Zacks upgraded LINE from “strong sell” to “hold,” which can reduce selling pressure from model‑driven funds and attract some neutral investors. Sources: Zacks, TickerReport
• Positive Sentiment: Short interest dropped ~27.6% in February to ~6.95M shares (10.9% of float) with a ~4.3 days-to-cover — a material reduction in short exposure that can lessen downward momentum and fuel short-covering rallies. (No link provided)
• Neutral Sentiment: Several unrelated gaming guides referencing a game called “Bizarre Lineage” appeared online; these are not related to Lineage, Inc. and are unlikely to affect the stock. Example: VG247

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th. Morgan Stanley lowered their price objective on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. The Goldman Sachs Group cut their price objective on shares of Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Finally, Citigroup increased their target price on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Lineage has a consensus rating of “Hold” and a consensus target price of $43.18.

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.