HighTower Advisors LLC Grows Stock Holdings in Lineage, Inc. $LINE

Key Points

• Institutional and insider confidence increased: HighTower Advisors raised its Lineage stake by 6.1% to 2.29 million shares, while Chairman Kevin Marchetti and CFO Robb Lemasters also bought shares.
• Quarterly results exceeded expectations: Lineage reported $1.36 billion in revenue and $0.76 earnings per share, significantly above analysts’ expected loss of $0.22 per share, although net margin and return on equity remained negative.
• Analysts remain cautious: Lineage has a consensus “Hold” rating and a $44.20 price target, despite several firms raising targets and the company offering a $2.13 annualized dividend yielding about 5.6%.

HighTower Advisors LLC boosted its stake in Lineage, Inc. (NASDAQ:LINE - Free Report) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,286,166 shares of the company's stock after acquiring an additional 130,895 shares during the period. HighTower Advisors LLC owned 1.00% of Lineage worth $98,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LINE. Norges Bank purchased a new position in Lineage in the 4th quarter valued at $482,255,000. BlackRock Inc. purchased a new position in Lineage during the 2nd quarter worth $227,511,000. Morgan Stanley lifted its stake in shares of Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company's stock worth $175,607,000 after acquiring an additional 3,968,958 shares during the period. Bank of America Corp DE acquired a new stake in shares of Lineage in the 2nd quarter worth $156,045,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Lineage by 4,146.9% in the second quarter. California State Teachers Retirement System now owns 3,404,208 shares of the company's stock valued at $147,232,000 after acquiring an additional 3,324,051 shares in the last quarter.

Insider Buying and Selling

In other news, Chairman Kevin Marchetti bought 25,000 shares of the stock in a transaction on Friday, August 28th. The shares were bought at an average price of $39.50 per share, with a total value of $987,500.00. Following the completion of the acquisition, the chairman owned 138,690 shares of the company's stock, valued at approximately $5,478,255. This trade represents a 21.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robb A. Lemasters bought 20,000 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the acquisition, the chief financial officer directly owned 49,500 shares of the company's stock, 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.

Lineage Stock Performance

NASDAQ:LINE opened at $38.17 on Monday. The firm's fifty day simple moving average is $42.09 and its 200-day simple moving average is $39.85. 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 stock has a market cap of $8.69 billion, a PE ratio of -53.01 and a beta of 0.82. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.75.

Lineage (NASDAQ:LINE - Get Free Report) last released 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. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm's revenue was up .8% on a year-over-year basis. Analysts expect that Lineage, Inc. will post 2.51 earnings per share for the current fiscal 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 paid 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 5.6%. Lineage's payout ratio is -295.83%.

Analyst Ratings Changes

LINE has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Lineage from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Mizuho upgraded shares of Lineage from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, July 28th. Royal Bank Of Canada lifted their price objective on Lineage from $44.00 to $48.00 and gave the company an "outperform" rating in a report on Monday, August 17th. Robert W. Baird set a $43.00 target price on Lineage in a research note on Thursday, August 6th. Finally, Morgan Stanley raised their price target on Lineage from $39.00 to $47.00 and gave the company an "equal weight" rating in a report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lineage currently has a consensus rating of "Hold" and a consensus price target of $44.20.

About Lineage

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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