BNP Paribas Financial Markets Purchases 409,312 Shares of Lineage, Inc. $LINE

Key Points

• BNP Paribas Financial Markets sharply increased its Lineage stake by 748.5% in the fourth quarter, buying 409,312 additional shares to bring its total holdings to 463,999 shares worth about $16.24 million.
• Lineage chairman Kevin Patrick Marchetti also bought 13,300 shares at $37.50 each, a purchase valued at $498,750 and representing a 13.25% increase in his ownership.
• The stock remains under mixed pressure from analysts: the consensus rating is “Reduce” with a $43.56 price target, even as Lineage recently beat earnings expectations and continues to pay a quarterly dividend yielding about 5.0%.

BNP Paribas Financial Markets boosted its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 748.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,999 shares of the company's stock after purchasing an additional 409,312 shares during the period. BNP Paribas Financial Markets owned about 0.20% of Lineage worth $16,240,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC increased 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 purchasing an additional 627 shares in the last quarter. Caitlin John LLC bought a new position in Lineage during the 3rd quarter worth about $31,000. Finally, Allworth Financial LP increased its holdings in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company's stock worth $33,000 after purchasing an additional 485 shares in the last quarter.

Insider Activity at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti bought 13,300 shares of the stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $37.50 per share, with a total value of $498,750.00. Following the completion of the acquisition, the chairman owned 113,690 shares of the company's stock, valued at $4,263,375. This trade represents a 13.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 71.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LINE shares. Weiss Ratings restated a "sell (d)" rating on shares of Lineage in a research note on Friday, March 27th. Barclays increased their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an "underweight" rating in a research note on Friday, May 15th. Royal Bank Of Canada increased their price objective on shares of Lineage from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Truist Financial increased their price objective on shares of Lineage from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Lineage from $39.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $43.56.

Lineage Stock Down 1.3%

Lineage stock opened at $42.63 on Friday. The stock has a market cap of $9.71 billion, a P/E ratio of -68.76 and a beta of 0.88. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $46.99. The company's 50-day moving average price is $37.68 and its two-hundred day moving average price is $36.93.

Lineage (NASDAQ:LINE - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $1.01. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The business's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. As a group, analysts expect that Lineage, Inc. will post 2.39 EPS for the current year.

Lineage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.5325 per share. This is a boost from Lineage's previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Lineage's payout ratio is -343.55%.

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.

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