Empowered Funds LLC Takes Position in Lineage, Inc. $LINE

Key Points

• Empowered Funds LLC acquired 129,073 Lineage shares worth approximately $5.6 million during the second quarter, giving it a 0.06% stake; several other funds also increased or initiated positions.
• Analyst sentiment remains mixed, with Lineage carrying an overall “Hold” rating and an average price target of $44.07 versus a recent share price of $39.32. Price targets range from $35 to $53.
• Lineage reported quarterly revenue of $1.36 billion and EPS of $0.76, exceeding consensus estimates, while declaring a $0.5325 quarterly dividend for a 5.4% annualized yield; its CFO also purchased 20,000 shares.

Empowered Funds LLC bought a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 129,073 shares of the company's stock, valued at approximately $5,582,000. Empowered Funds LLC owned 0.06% of Lineage at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LINE. 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 purchasing an additional 362 shares during the period. Rothschild Investment LLC increased its position in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company's stock valued at $26,000 after purchasing an additional 627 shares during the period. Paralel Advisors LLC bought a new stake in shares of Lineage during the second quarter valued at approximately $26,000. Allworth Financial LP raised its stake in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company's stock valued at $33,000 after purchasing an additional 485 shares in the last quarter. Finally, Aew Capital Management L P bought a new position in Lineage in the fourth quarter worth $42,000.

Analysts Set New Price Targets

LINE has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Lineage from $39.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, June 1st. Piper Sandler cut their price target on shares of Lineage from $46.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday. Mizuho raised Lineage from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. The Goldman Sachs Group set a $53.00 price target on Lineage in a research report on Wednesday, August 12th. Finally, Barclays raised their price target on Lineage from $34.00 to $35.00 and gave the company an "underweight" rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Lineage has an average rating of "Hold" and an average price target of $44.07.

Lineage Price Performance

Shares of LINE stock opened at $39.32 on Monday. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $45.75. The firm's 50 day moving average price is $42.40 and its two-hundred day moving average price is $39.85. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.78. The stock has a market cap of $8.95 billion, a PE ratio of -54.61 and a beta of 0.84.

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

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were issued a $0.5325 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.4%. Lineage's payout ratio is -295.83%.

Insider Activity

In other news, CFO Robb A. Lemasters acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $41.33 per share, for a total transaction of $826,600.00. Following the transaction, the chief financial officer directly owned 49,500 shares in the company, valued at approximately $2,045,835. This represents a 67.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 71.60% of the stock is owned by company insiders.

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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