Adam Matthew Schwartz Forste Buys 10,949 Shares of Lineage, Inc. (NASDAQ:LINE) Stock

Lineage, Inc. (NASDAQ:LINE - Get Free Report) Chairman Adam Matthew Schwartz Forste acquired 10,949 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $44.93 per share, for a total transaction of $491,938.57. Following the completion of the acquisition, the chairman now owns 35,266 shares of the company's stock, valued at approximately $1,584,501.38. The trade was a 45.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Adam Matthew Schwartz Forste also recently made the following trade(s):

• On Friday, February 28th, Adam Matthew Schwartz Forste acquired 24,317 shares of Lineage stock. The stock was bought at an average price of $60.50 per share, for a total transaction of $1,471,178.50.

Lineage Stock Performance

Shares of NASDAQ LINE traded up $1.93 during mid-day trading on Monday, reaching $47.55. 1,051,089 shares of the company's stock were exchanged, compared to its average volume of 1,267,450. The firm has a market capitalization of $10.87 billion and a price-to-earnings ratio of -14.77. Lineage, Inc. has a 52 week low of $42.05 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The firm has a 50-day moving average price of $54.77 and a two-hundred day moving average price of $58.87.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. Lineage's quarterly revenue was down 2.7% compared to the same quarter last year. Analysts predict that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Monday, March 31st. Lineage's payout ratio is presently -65.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LINE. GAMMA Investing LLC grew its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Lineage during the first quarter worth about $29,000. FIL Ltd purchased a new position in shares of Lineage during the fourth quarter worth about $29,000. Salomon & Ludwin LLC purchased a new position in shares of Lineage during the first quarter worth about $34,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Lineage by 170.4% during the first quarter. PNC Financial Services Group Inc. now owns 730 shares of the company's stock worth $43,000 after purchasing an additional 460 shares in the last quarter.

Analyst Upgrades and Downgrades

LINE has been the topic of several research reports. Morgan Stanley decreased their price objective on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Barclays initiated coverage on shares of Lineage in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 target price for the company. Robert W. Baird dropped their price target on Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price target on Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, Bank of America lowered shares of Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a report on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lineage presently has an average rating of "Moderate Buy" and a consensus target price of $70.79.

About Lineage

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

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