Lineage, Inc. (NASDAQ:LINE) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Lineage has an average recommendation of Hold from 20 analysts (4 sell, 11 hold, 5 buy) with a mean 1‑year price target of $43.28 and recent targets ranging roughly from $35 to $44.
• Earnings miss and valuation: The company reported Q results of $0.03 EPS vs. $0.73 expected and $1.34B revenue vs. $1.38B expected; the stock trades around $34.33 with a negative P/E and a 52‑week range of $31.33–$58.86.
• Dividend boost and insider buying: Lineage raised its quarterly dividend to $0.5325 (annualized $2.13) for a ~6.2% yield, and Chairman Kevin Marchetti purchased 13,300 shares while insiders collectively own 71.9% of the company.

Shares of Lineage, Inc. (NASDAQ:LINE - Get Free Report) have earned an average recommendation of "Hold" from the twenty research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $43.2778.

LINE has been the topic of several recent analyst reports. Scotiabank increased their target price on Lineage from $39.00 to $42.00 and gave the stock a "hold" rating in a research report on Wednesday, March 11th. Royal Bank Of Canada increased their target price on Lineage from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. UBS Group reduced their target price on Lineage from $41.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Truist Financial increased their target price on Lineage from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. Finally, Piper Sandler reduced their target price on Lineage from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 1st.

Lineage Stock Down 0.4%

Shares of NASDAQ:LINE opened at $34.33 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage has a 52-week low of $31.33 and a 52-week high of $58.86. The stock's fifty day simple moving average is $36.87 and its 200-day simple moving average is $36.81. The company has a market capitalization of $7.80 billion, a P/E ratio of -79.84 and a beta of 0.10.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

Lineage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, March 31st will be given a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a yield of 6.2%. This is a boost from Lineage's previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, March 31st. Lineage's dividend payout ratio (DPR) is currently -495.35%.

Insiders Place Their Bets

In other Lineage news, Chairman Kevin Patrick Marchetti bought 13,300 shares of Lineage stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the transaction, the chairman owned 113,690 shares of the company's stock, valued at $4,263,375. This represents a 13.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 71.90% of the company's stock.

Hedge Funds Weigh In On Lineage

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company's stock worth $25,000 after acquiring an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Lineage by 172.4% during 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 during the last quarter. Rothschild Investment LLC increased its stake in Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company's stock worth $26,000 after acquiring an additional 627 shares during the last quarter. Caitlin John LLC acquired a new stake in Lineage during the third quarter worth about $31,000. Finally, Allworth Financial LP increased its stake in 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 during the last quarter.

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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