Jupiter Topco LLC Takes Position in Lineage, Inc. $LINE

Key Points

• Jupiter Topco LLC acquired 27,678 Lineage shares worth approximately $1.2 million during the second quarter, joining several other institutional investors that increased or initiated positions.
• Analysts maintain a generally cautious outlook: Lineage has an average “Hold” rating and a $44.20 average price target, while shares recently traded at $38.17. Royal Bank of Canada and Goldman Sachs set higher targets of $48 and $53, respectively.
• Lineage exceeded quarterly earnings expectations, reporting $0.76 EPS and $1.36 billion in revenue, and declared an annualized dividend of $2.13, representing a 5.6% yield. Company insiders also made significant purchases, including 25,000 shares bought by the chairman and 20,000 by the CFO.

Jupiter Topco LLC acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,678 shares of the company's stock, valued at approximately $1,197,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LINE. EverSource Wealth Advisors LLC increased its holdings in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 362 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Lineage by 575.2% in the 4th 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 acquired a new position in shares of Lineage in the 2nd quarter valued at approximately $26,000. Allworth Financial LP increased its stake 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. Finally, Aew Capital Management L P bought a new stake in Lineage during the 4th quarter worth approximately $42,000.

Wall Street Analyst Weigh In

LINE has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Lineage from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price objective on shares of Lineage from $44.00 to $48.00 and gave the stock an "outperform" rating in a research report on Monday, August 17th. Citigroup raised their price objective on shares of Lineage from $42.00 to $43.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Weiss Ratings raised shares of Lineage from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group set a $53.00 target price on shares of Lineage in a research note on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Lineage presently has an average rating of "Hold" and an average target price of $44.20.

Lineage Trading Down 0.4%

Shares of Lineage stock opened at $38.17 on Friday. The stock has a market cap of $8.69 billion, a P/E ratio of -53.01 and a beta of 0.82. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The business's 50 day moving average is $42.09 and its 200-day moving average is $39.84.

Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.98. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. Lineage's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. Equities research analysts predict that Lineage, Inc. will post 2.51 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders 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 dividend on an annualized basis and a yield of 5.6%. Lineage's payout ratio is currently -295.83%.

Insider Buying and Selling

In other Lineage news, Chairman Kevin Marchetti bought 25,000 shares of the firm's stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $39.50 per share, for a total transaction of $987,500.00. Following the transaction, the chairman directly owned 138,690 shares in the company, valued at approximately $5,478,255. This trade represents a 21.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robb LeMasters bought 20,000 shares of the stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the acquisition, the chief financial officer directly owned 49,500 shares of the company's stock, valued at approximately $2,045,835. This trade represents 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 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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