First Trust Advisors LP Has $3.39 Million Holdings in Lineage, Inc. $LINE

Key Points

• First Trust Advisors LP increased its Lineage stake by 1,328.8% in the first quarter, reaching 103,602 shares valued at approximately $3.39 million. Other major institutions, including Norges Bank and Morgan Stanley, also accumulated significant positions.
• Lineage shares opened at $40.64, with a market capitalization of $9.25 billion and a quarterly dividend of $0.5325 per share, equivalent to a 5.2% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $43.62.
• The company exceeded quarterly earnings expectations, but investors face ongoing risks from warehouse-fire cleanup costs estimated at $80 million to $100 million, regulatory scrutiny, potential environmental liabilities and related litigation.

First Trust Advisors LP increased its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 1,328.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,602 shares of the company's stock after acquiring an additional 96,351 shares during the quarter. First Trust Advisors LP's holdings in Lineage were worth $3,394,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of LINE. Norges Bank acquired a new position in shares of Lineage during the 4th quarter worth approximately $482,255,000. Darlington Partners Capital Management LP grew its position in Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company's stock worth $198,332,000 after buying an additional 1,605,810 shares in the last quarter. Morgan Stanley grew its position in Lineage by 378.6% during the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company's stock worth $175,607,000 after buying an additional 3,968,958 shares in the last quarter. State Street Corp increased its stake in Lineage by 8.9% during the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company's stock worth $78,402,000 after acquiring an additional 145,742 shares during the period. Finally, Geode Capital Management LLC increased its stake in Lineage by 27.8% during the 4th quarter. Geode Capital Management LLC now owns 1,459,422 shares of the company's stock worth $51,086,000 after acquiring an additional 317,646 shares during the period.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $40.64 on Friday. Lineage, Inc. has a one year low of $31.33 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The company has a market cap of $9.25 billion, a price-to-earnings ratio of -56.44 and a beta of 0.85. The firm has a 50 day simple moving average of $42.98 and a 200 day simple moving average of $39.29.

Lineage (NASDAQ:LINE - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates 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 3.15% and a negative return on equity of 1.83%. The company's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Research analysts predict that Lineage, Inc. will post 2.49 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were issued a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.2%. Lineage's dividend payout ratio (DPR) is -343.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LINE shares. Wells Fargo & Company cut their target price on Lineage from $39.00 to $36.00 and set an "equal weight" rating for the company in a research report on Monday, June 1st. UBS Group boosted their price target on Lineage from $35.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Piper Sandler upped their price objective on shares of Lineage from $35.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Mizuho upgraded shares of Lineage from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Lineage from a "strong sell" rating to a "sell" rating in a report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.62.

Lineage News Roundup

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Lineage reported adjusted funds from operations (FFO) of $0.76 per share, above the $0.71 consensus estimate, while revenue reached approximately $1.36 billion versus expectations of $1.35 billion. Revenue increased 0.8% year over year, although FFO declined from $0.81 per share in the prior-year quarter. Lineage beats Q2 FFO and revenue estimates
• Neutral Sentiment: Management outlined a substantial cleanup effort. Lineage expects to spend between $80 million and $100 million addressing the warehouse fire’s aftermath, including odor-control and remediation measures. The final financial impact and insurance coverage remain important uncertainties for investors. Lineage to spend $80 to $100 million on warehouse fire cleanup efforts
• Negative Sentiment: Regulatory pressure is intensifying. The South Coast Air Quality Management District is considering an abatement order and has added odor-control requirements following complaints about foul smells from the damaged facility. Regulators are scheduled to hear from Lineage officials, while residents continue to demand action. Lineage under fire at AQMD hearing
• Negative Sentiment: Potential environmental and liability risks remain. The EPA has requested information about a possible hazardous chemical release, and newly reported ammonia data has heightened concerns about public health and compliance. Prolonged cleanup, possible penalties, litigation, and reputational damage could pressure future earnings and cash flow. EPA letter and new ammonia data

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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