Lineage (NASDAQ:LINE) Lowered to Hold Rating by KeyCorp

Lineage (NASDAQ:LINE - Get Free Report) was downgraded by KeyCorp from a "strong-buy" rating to a "hold" rating in a report issued on Monday, Marketbeat Ratings reports. KeyCorp also issued estimates for Lineage's Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.68 EPS, Q3 2026 earnings at $0.75 EPS, Q4 2026 earnings at $0.84 EPS and FY2026 earnings at $2.88 EPS.

Other analysts also recently issued research reports about the stock. Citigroup reduced their price target on shares of Lineage from $64.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Royal Bank Of Canada reduced their price objective on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group lowered their target price on shares of Lineage from $74.00 to $63.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Robert W. Baird cut their price target on Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, Wells Fargo & Company decreased their price objective on Lineage from $64.00 to $48.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lineage currently has an average rating of "Hold" and a consensus price target of $61.70.

Lineage Stock Up 1.1%

Shares of NASDAQ LINE traded up $0.49 during trading on Monday, hitting $43.74. 1,317,004 shares of the company traded hands, compared to its average volume of 1,210,208. The firm has a market capitalization of $10.00 billion and a price-to-earnings ratio of -13.58. The business's fifty day moving average is $46.18 and its 200 day moving average is $53.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.86 and a current ratio of 0.99. Lineage has a fifty-two week low of $41.88 and a fifty-two week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Lineage had a negative return on equity of 7.24% and a negative net margin of 11.88%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage's revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts predict that Lineage will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Sudarsan V. Thattai acquired 4,420 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average price of $45.23 per share, for a total transaction of $199,916.60. Following the completion of the acquisition, the insider owned 4,420 shares of the company's stock, valued at approximately $199,916.60. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Adam Matthew Schwartz Forste acquired 10,949 shares of the stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $44.93 per share, for a total transaction of $491,938.57. Following the transaction, the chairman owned 35,266 shares of the company's stock, valued at approximately $1,584,501.38. This trade represents a 45.03% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 26,869 shares of company stock valued at $1,194,980. 71.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in Lineage in the first quarter worth $5,722,000. Optimize Financial Inc increased its holdings in Lineage by 37.7% in the 1st quarter. Optimize Financial Inc now owns 7,758 shares of the company's stock worth $455,000 after acquiring an additional 2,125 shares during the last quarter. Woodline Partners LP increased its holdings in Lineage by 0.4% in the 1st quarter. Woodline Partners LP now owns 312,027 shares of the company's stock worth $18,294,000 after acquiring an additional 1,128 shares during the last quarter. Needham Investment Management LLC raised its stake in Lineage by 21.7% in the 1st quarter. Needham Investment Management LLC now owns 14,000 shares of the company's stock valued at $821,000 after acquiring an additional 2,500 shares during the period. Finally, Millennium Management LLC lifted its holdings in Lineage by 197.0% during the first quarter. Millennium Management LLC now owns 288,518 shares of the company's stock valued at $16,916,000 after purchasing an additional 191,362 shares during the last quarter.

About Lineage

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.