Lineage, Inc. (NASDAQ:LINE) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of 17 brokerages covering Lineage, nine recommend holding, five recommend buying, and three recommend selling. The average 12-month price target is $44.20, compared with a recent price of $38.17.
• Quarterly results exceeded expectations: Lineage reported adjusted EPS of $0.76 versus the $0.22 loss analysts expected, while revenue reached $1.36 billion, up 0.8% year over year.
• Insiders increased their positions: The chairman and CFO purchased a combined 45,000 shares, while insiders collectively own 71.6% of the company. Lineage also offers a quarterly dividend equivalent to a 5.6% annualized yield.

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $44.20.

LINE has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective 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. Wall Street Zen upgraded shares of Lineage from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. UBS Group lifted their target price on shares of Lineage from $35.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Scotiabank reiterated a "sector perform" rating and issued a $45.00 price target on shares of Lineage in a report on Thursday, June 18th. Finally, Wells Fargo & Company increased their price target on Lineage from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st.

Insider Activity

In other Lineage news, Chairman Kevin Marchetti bought 25,000 shares of Lineage stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $39.50 per share, for a total transaction of $987,500.00. Following the completion of the transaction, the chairman owned 138,690 shares of the company's stock, valued at $5,478,255. This represents a 21.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robb LeMasters purchased 20,000 shares of the firm's stock in a transaction 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 completion of the purchase, the chief financial officer owned 49,500 shares in the company, valued at $2,045,835. The trade was a 67.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 71.60% of the company's stock.

Institutional Investors Weigh In On Lineage

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Lineage by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company's stock valued at $874,000 after purchasing an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company's stock worth $25,000 after buying an additional 362 shares during the last quarter. Vanderbilt University raised its position in shares of Lineage by 4.1% in the 1st quarter. Vanderbilt University now owns 10,925 shares of the company's stock worth $358,000 after buying an additional 431 shares during the period. Allworth Financial LP raised its position 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 buying an additional 485 shares during the period. Finally, Amundi boosted its holdings in Lineage by 1.5% in the third quarter. Amundi now owns 35,805 shares of the company's stock valued at $1,481,000 after acquiring an additional 512 shares during the last quarter.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $38.17 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $8.69 billion, a P/E ratio of -53.01 and a beta of 0.82. Lineage has a 52-week low of $31.33 and a 52-week high of $45.75. The stock's fifty day simple moving average is $41.95 and its 200-day simple moving average is $39.86.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. As a group, equities research analysts forecast that Lineage will post 2.51 earnings per share for the current fiscal year.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were paid a $0.5325 dividend. This represents a $2.13 annualized dividend and a yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Lineage's dividend payout ratio is presently -295.83%.

Lineage Company 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.

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