Lineage (NASDAQ:LINE) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Lineage (NASDAQ:LINE) from a "sell" to a "hold"; MarketBeat shows a consensus rating of Hold with an average target price of $43.28 and an analyst split of 5 Buys, 11 Holds and 4 Sells.
• Lineage posted a quarterly earnings miss (EPS $0.03 vs. $0.73 expected) and revenue of $1.34B (vs. $1.38B expected), leaving the company with negative net margin and ROE while shares trade around $37.14 (market cap ~$8.43B, 1-year range $31.33–$57.20).
• Chairman Kevin Marchetti purchased 13,300 shares at ~$37.50 (a 13.25% increase in his holding), and insiders collectively own about 71.9% of the company.

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

A number of other equities research analysts have also weighed in on the stock. UBS Group decreased their target price on shares of Lineage from $41.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. Zacks Research upgraded shares of Lineage from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Scotiabank boosted their target price on shares of Lineage from $39.00 to $42.00 and gave the company a "hold" rating in a research note on Wednesday, March 11th. The Goldman Sachs Group boosted their target price on shares of Lineage from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, Wells Fargo & Company boosted their target price on shares of Lineage from $32.00 to $39.00 and gave the company an "equal weight" rating in a research note on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $43.28.

Lineage Price Performance

Shares of LINE opened at $37.14 on Friday. The firm has a market cap of $8.43 billion, a PE ratio of -86.37 and a beta of 0.10. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $36.60 and a two-hundred day simple moving average of $36.62. Lineage has a 1-year low of $31.33 and a 1-year high of $57.20.

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 analysts' consensus estimates of $0.73 by ($0.70). The company had revenue of $1.34 billion for 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 quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that Lineage will post 2.42 EPS for the current year.

Insider Activity at Lineage

In related news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction dated Thursday, March 12th. The stock was 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 approximately $4,263,375. This trade represents a 13.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 71.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lineage

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new stake in shares of Lineage in the 1st quarter worth $497,000. Border to Coast Pensions Partnership Ltd purchased a new stake in shares of Lineage in the 1st quarter worth $1,643,000. Pictet Asset Management Holding SA increased its stake in shares of Lineage by 16.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 9,857 shares of the company's stock worth $323,000 after purchasing an additional 1,412 shares in the last quarter. Vanderbilt University increased its stake in shares of Lineage by 4.1% in the 1st quarter. Vanderbilt University now owns 10,925 shares of the company's stock worth $358,000 after purchasing an additional 431 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Lineage by 64.2% in the 1st quarter. SG Americas Securities LLC now owns 429,978 shares of the company's stock worth $14,086,000 after purchasing an additional 168,107 shares in the last quarter.

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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