CW Advisors LLC Acquires New Shares in Lineage, Inc. $LINE

Key Points

• CW Advisors LLC acquired 9,373 shares of Lineage, Inc. valued at approximately $552,000 in the 1st quarter, indicating growing institutional interest in the stock.
• Several hedge funds have significantly increased their holdings in Lineage, with Price T Rowe Associates raising its stake by 75.7% during the same period.
• Analyst ratings have varied, with Barclays lowering its price target for Lineage from $59.00 to $52.00, while the average target price across analysts stands at $53.26 with a Hold rating.

CW Advisors LLC purchased a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,373 shares of the company's stock, valued at approximately $552,000.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Lineage by 75.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,364,697 shares of the company's stock worth $255,903,000 after buying an additional 1,880,587 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Lineage by 92.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,233,219 shares of the company's stock valued at $189,380,000 after buying an additional 1,550,478 shares during the period. Darlington Partners Capital Management LP bought a new stake in shares of Lineage during the fourth quarter worth $90,491,000. Alyeska Investment Group L.P. raised its holdings in shares of Lineage by 70.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,196,848 shares of the company's stock worth $70,099,000 after acquiring an additional 492,680 shares during the period. Finally, Nuveen LLC bought a new stake in Lineage in the 1st quarter valued at $37,468,000.

Analyst Ratings Changes

A number of brokerages have recently commented on LINE. Barclays cut their price target on Lineage from $59.00 to $52.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Evercore ISI cut their target price on Lineage from $59.00 to $45.00 and set an "in-line" rating on the stock in a research note on Friday, August 8th. BNP Paribas Exane cut shares of Lineage from a "neutral" rating to an "underperform" rating and set a $42.00 price target for the company. in a research note on Thursday, June 12th. Royal Bank Of Canada lowered their price objective on shares of Lineage from $64.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday, August 18th. Finally, Scotiabank reduced their target price on shares of Lineage from $56.00 to $50.00 and set a "sector perform" rating for the company in a report on Thursday, May 15th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $53.26.

Lineage Price Performance

Shares of LINE opened at $41.77 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 0.72. The company's fifty day simple moving average is $42.58 and its 200 day simple moving average is $49.04. Lineage, Inc. has a 1-year low of $38.83 and a 1-year high of $85.48. The company has a market cap of $9.56 billion and a price-to-earnings ratio of -14.97.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. Lineage had a negative return on equity of 5.76% and a negative net margin of 10.57%.The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. The business's revenue was up .9% compared to the same quarter last year. On average, research analysts forecast that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, June 30th were given a dividend of $0.5275 per share. The ex-dividend date was Monday, June 30th. This represents a $2.11 annualized dividend and a yield of 5.1%. Lineage's dividend payout ratio (DPR) is -75.63%.

Insider Activity at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 12,345 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $40.44 per share, with a total value of $499,231.80. Following the completion of the transaction, the chairman owned 74,668 shares in the company, valued at $3,019,573.92. The trade was a 19.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sudarsan V. Thattai purchased 3,563 shares of the company's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $42.45 per share, with a total value of $151,249.35. Following the completion of the transaction, the insider owned 7,983 shares of the company's stock, valued at $338,878.35. This represents a 80.61% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 39,448 shares of company stock valued at $1,645,752 over the last 90 days. Company insiders own 71.90% of the company's stock.

Lineage Company Profile

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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