Public Employees Retirement System of Ohio Takes Position in Lineage, Inc. $LINE

Key Points

• Public Employees Retirement System of Ohio acquired 100,354 shares of Lineage, valued at approximately $4.34 million, while several other institutional investors also increased their holdings.
• Lineage reported quarterly revenue of $1.36 billion and EPS of $0.76, beating analyst expectations, although the company remained unprofitable with a negative net margin of 3.15%.
• Insiders showed confidence by purchasing shares, including the chairman’s $987,500 investment and the CFO’s $826,600 purchase. Analysts maintain a consensus “Hold” rating with an average price target of $44.20, while the company offers a 5.6% dividend yield.

Public Employees Retirement System of Ohio acquired a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 100,354 shares of the company's stock, valued at approximately $4,340,000.

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 362 shares during the period. Vanderbilt University boosted its holdings in shares of Lineage by 4.1% in the first quarter. Vanderbilt University now owns 10,925 shares of the company's stock valued at $358,000 after buying an additional 431 shares during the period. Allworth Financial LP increased its position in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company's stock worth $33,000 after acquiring an additional 485 shares in the last quarter. Amundi increased its position in shares of Lineage by 1.5% during the third quarter. Amundi now owns 35,805 shares of the company's stock worth $1,481,000 after acquiring an additional 512 shares in the last quarter. Finally, Mariner LLC increased its position in shares of Lineage by 4.6% during the third quarter. Mariner LLC now owns 12,001 shares of the company's stock worth $464,000 after acquiring an additional 527 shares in the last quarter.

Insider Transactions at Lineage

In related news, Chairman Kevin Marchetti purchased 25,000 shares of Lineage stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of $39.50 per share, with a total value of $987,500.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robb A. Lemasters purchased 20,000 shares of the firm's stock in a transaction on Friday, August 7th. The stock was bought at an average price of $41.33 per share, with a total value of $826,600.00. Following the completion of the purchase, the chief financial officer owned 49,500 shares of the company's stock, valued at approximately $2,045,835. This represents a 67.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 71.60% of the stock is currently owned by insiders.

Lineage Stock Performance

Shares of LINE opened at $38.33 on Friday. Lineage, Inc. has a 12 month low of $31.33 and a 12 month high of $45.75. The firm has a fifty day simple moving average of $42.21 and a 200 day simple moving average of $39.85. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of -53.24 and a beta of 0.82. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $0.81 EPS. The company's revenue was up .8% compared to the same quarter last year. Research analysts forecast that Lineage, Inc. will post 2.51 EPS for the current fiscal year.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were given 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 dividend yield of 5.6%. Lineage's payout ratio is currently -295.83%.

Analyst Ratings Changes

Several equities research analysts recently commented on LINE shares. Scotiabank reaffirmed a "sector perform" rating and issued a $45.00 price objective on shares of Lineage in a research report on Thursday, June 18th. Weiss Ratings upgraded Lineage from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price target on Lineage from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday. Barclays boosted 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. Finally, Morgan Stanley increased their price objective on Lineage from $39.00 to $47.00 and gave the stock an "equal weight" rating in a report on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Lineage has an average rating of "Hold" and an average 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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