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

Key Points

• Analysts maintain a “Hold” consensus on Lineage, with three sell, nine hold and five buy ratings. The average 12-month price target is $43.93, close to the stock’s reported $43.03 price.
• Lineage declared a quarterly dividend of $0.5325 per share, equal to an annualized $2.13 payout and a reported 5.0% yield. CFO Robb A. Lemasters also bought 20,000 shares for approximately $826,600.
• The Boyle Heights warehouse cleanup has removed about 92% of bulk food waste, but Lineage is expected to miss the cleanup deadline. More than 4,000 odor complaints, a modified AQMD abatement order and reports of elevated ammonia could increase compliance costs and regulatory scrutiny.

Shares of Lineage, Inc. (NASDAQ:LINE - Get Free Report) have received a consensus rating of "Hold" from the seventeen analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.9333.

Several research analysts have commented on LINE shares. The Goldman Sachs Group set a $53.00 price target on shares of Lineage in a report on Wednesday. Mizuho raised shares of Lineage from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. Wall Street Zen upgraded Lineage from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Wells Fargo & Company dropped their price objective on Lineage from $39.00 to $36.00 and set an "equal weight" rating for the company in a research note on Monday, June 1st. Finally, Truist Financial boosted their target price on Lineage from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $43.03 on Friday. The company has a 50 day moving average of $42.86 and a 200 day moving average of $39.51. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84. The stock has a market cap of $9.80 billion, a P/E ratio of -59.76 and a beta of 0.85. Lineage has a 12 month low of $31.33 and a 12 month high of $45.75.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, June 30th. Lineage's dividend payout ratio (DPR) is -295.83%.

Key Stories Impacting Lineage

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Lineage Logistics said approximately 92% of the bulk food waste has been removed from the warehouse site, indicating meaningful progress on the cleanup and potentially reducing ongoing remediation costs and community pressure. Lineage Logistics Says Approximately 92% Of Bulk Food Waste Removed
• Neutral Sentiment: An LAUSD report concluded that schools near the warehouse are safe for students, which may ease some immediate health concerns, although parents and residents continue to seek additional assurances. New LAUSD report says schools near Lineage warehouse are safe for students
• Neutral Sentiment: Los Angeles Mayor Karen Bass planned a community forum on the cleanup, potentially improving communication with residents but also keeping the incident in the public and political spotlight. Mayor Bass to host community forum on Lineage cleanup Thursday
• Negative Sentiment: City officials said Lineage will miss the deadline to complete the Boyle Heights site cleanup. The delay could extend remediation expenses, regulatory scrutiny and potential liability. Lineage will miss deadline to clean up the Boyle Heights warehouse site
• Negative Sentiment: More than 4,000 odor complaints led to a modified South Coast AQMD abatement order, increasing compliance obligations and the risk of additional costs or enforcement actions. Lineage hit with modified AQMD abatement order
• Negative Sentiment: Reports of elevated ammonia levels weeks after the fire, continuing parent concerns and proposed state legislation to prevent similar disasters could raise Lineage’s future safety, monitoring and operating costs. Elevated levels of ammonia were found in the air weeks after the Lineage fire

Insider Activity

In other Lineage news, CFO Robb A. Lemasters acquired 20,000 shares of the business's stock in a transaction dated 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 acquisition, the chief financial officer owned 49,500 shares of the company's stock, valued at $2,045,835. This trade represents a 67.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 71.60% of the company's stock.

Institutional Investors Weigh In On Lineage

Hedge funds have recently bought and sold shares of the stock. Cibc World Market Inc. purchased a new position in Lineage in the 2nd quarter worth approximately $722,000. PEAK6 LLC purchased a new stake in shares of Lineage during the 2nd quarter valued at $1,630,000. Evolve Private Wealth LLC purchased a new stake in shares of Lineage during the 2nd quarter valued at $369,000. Ieq Capital LLC bought a new stake in shares of Lineage during the 2nd quarter worth $11,015,000. Finally, Paralel Advisors LLC bought a new stake in shares of Lineage during the 2nd quarter worth $26,000.

Lineage Company 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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