Key Points
- Chairman Kevin Patrick Marchetti bought 11,222 shares on March 9 at an average price of $39.05 (total ~$438,219), raising his direct stake to 100,390 shares — a 12.59% increase — per the SEC filing.
- Lineage missed quarterly expectations, reporting $0.03 EPS vs. $0.73 expected and $1.34B revenue vs. $1.38B expected, while declaring a quarterly dividend of $0.5275 (annualized $2.11, ~5.4% yield) despite negative margins and a -490.7% payout ratio.
- The stock trades around $39.19 with a market cap of ~$8.9B and a 52-week range of $32.46–$61.01, and analysts have an average "Hold" rating with a consensus target of $43.18.
Lineage, Inc. (NASDAQ:LINE - Get Free Report) Chairman Kevin Patrick Marchetti bought 11,222 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of $39.05 per share, for a total transaction of $438,219.10. Following the completion of the purchase, the chairman directly owned 100,390 shares of the company's stock, valued at $3,920,229.50. The trade was a 12.59% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Lineage Trading Down 0.0%
LINE traded down $0.02 during midday trading on Thursday, reaching $39.19. 58,051 shares of the company's stock traded hands, compared to its average volume of 1,472,164. The firm has a fifty day moving average of $37.48 and a two-hundred day moving average of $37.82. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of -91.34 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. Lineage, Inc. has a 52 week low of $32.46 and a 52 week high of $61.01.
Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings data 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). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. Lineage's quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.
Lineage Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were issued a $0.5275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 5.4%. Lineage's payout ratio is -490.70%.
Hedge Funds Weigh In On Lineage
Several institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its stake in Lineage by 20.0% in the 4th quarter. Hsbc Holdings PLC now owns 119,467 shares of the company's stock worth $4,181,000 after purchasing an additional 19,915 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Lineage by 407.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,041 shares of the company's stock valued at $71,000 after purchasing an additional 1,639 shares in the last quarter. Invesco Ltd. raised its holdings in Lineage by 21.9% in the fourth quarter. Invesco Ltd. now owns 219,262 shares of the company's stock worth $7,674,000 after buying an additional 39,442 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Lineage by 100.4% in the fourth quarter. Corient Private Wealth LLC now owns 172,229 shares of the company's stock worth $6,028,000 after buying an additional 86,277 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Lineage in the fourth quarter worth approximately $6,436,000.
Analyst Upgrades and Downgrades
LINE has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Lineage from $43.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, November 14th. Robert W. Baird reiterated a "neutral" rating and set a $39.00 price target (down from $45.00) on shares of Lineage in a research report on Thursday, December 18th. Zacks Research raised shares of Lineage from a "strong sell" rating to a "hold" rating in a research note on Monday. Morgan Stanley lowered their price objective on shares of Lineage from $46.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, December 16th. Finally, Citigroup lifted their price objective on Lineage from $38.00 to $42.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Lineage has an average rating of "Hold" and a consensus target price of $43.18.
View Our Latest Stock Report on LINE
Lineage Company Profile
(
Get Free Report)
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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