Lineage (NASDAQ:LINE) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Lineage (NASDAQ:LINE) from "hold" to "sell"; overall analyst mix is 4 Buys, 11 Holds and 5 Sells, with an average rating of "Reduce" and an average target price of $43.06.
• Q4 earnings missed: Lineage reported $0.03 EPS versus $0.73 expected and revenue of $1.34B versus $1.38B expected, leaving a negative net margin (−1.87%) and negative ROE (−1.06%).
• Insider buying despite weakness: Chairman Kevin Marchetti purchased 13,300 shares at $37.50, and insiders collectively own 71.90% of the stock.

Lineage (NASDAQ:LINE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday.

Several other research analysts also recently weighed in on the stock. Compass Point began coverage on shares of Lineage in a research note on Wednesday, March 18th. They issued a "buy" rating and a $47.00 target price for the company. UBS Group lowered their price objective on Lineage from $41.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. Truist Financial raised their price objective on Lineage from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Weiss Ratings restated a "sell (d)" rating on shares of Lineage in a report on Friday, March 27th. Finally, Citigroup upped their target price on Lineage from $38.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $43.06.

Lineage Price Performance

Lineage stock opened at $37.04 on Friday. Lineage has a 52-week low of $31.33 and a 52-week high of $48.72. The firm has a fifty day moving average of $36.50 and a 200-day moving average of $36.49. The firm has a market capitalization of $8.41 billion, a P/E ratio of -86.14 and a beta of 0.61. 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 (NASDAQ:LINE - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.70). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. Lineage's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. As a group, analysts predict that Lineage will post 2.42 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction 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 purchase, the chairman directly owned 113,690 shares of the company's stock, valued at $4,263,375. The trade was a 13.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 71.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company's stock worth $25,000 after buying an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Lineage by 172.4% in 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 last quarter. Rothschild Investment LLC lifted 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 worth $26,000 after buying an additional 627 shares during the last quarter. Caitlin John LLC bought a new position in shares of Lineage in the 3rd quarter worth about $31,000. Finally, Allworth Financial LP lifted its position in shares of Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company's stock worth $33,000 after buying 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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