Key Points
- Lineage CFO Robb Lemasters bought 20,000 shares at an average price of $41.33, investing $826,600 and increasing his ownership by 67.8% to 49,500 shares.
- Lineage shares opened at $41.35 and were down 2.4%; the company has a $9.41 billion market capitalization and pays a quarterly dividend equivalent to a 5.2% annual yield.
- Analyst sentiment remains broadly neutral, with a consensus “Hold” rating and a $43.73 price target, while several institutional investors—including BlackRock—recently initiated positions.
Lineage, Inc. (NASDAQ:LINE - Get Free Report) CFO Robb Lemasters acquired 20,000 shares of the firm's stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the acquisition, the chief financial officer owned 49,500 shares in the company, valued at approximately $2,045,835. The trade was a 67.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lineage Trading Down 2.4%
Shares of NASDAQ LINE opened at $41.35 on Tuesday. Lineage, Inc. has a 1-year low of $31.33 and a 1-year high of $45.75. The company has a market cap of $9.41 billion, a PE ratio of -57.43 and a beta of 0.84. 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 company has a 50-day moving average of $42.89 and a two-hundred day moving average of $39.38.
Lineage Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were issued a $0.5325 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.2%. Lineage's dividend payout ratio (DPR) is currently -295.83%.
Analyst Upgrades and Downgrades
LINE has been the topic of several research reports. Scotiabank reaffirmed a "sector perform" rating and set a $45.00 price objective on shares of Lineage in a report on Thursday, June 18th. Wall Street Zen upgraded Lineage from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company cut their price target on Lineage from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, June 1st. Robert W. Baird set a $43.00 price target on Lineage in a research note on Thursday. Finally, Mizuho upgraded Lineage from a "neutral" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $43.73.
View Our Latest Analysis on Lineage
Institutional Investors Weigh In On Lineage
Hedge funds have recently bought and sold shares of the company. West Family Investments Inc. bought a new position in shares of Lineage during the second quarter worth $294,000. BlackRock Inc. bought a new stake in shares of Lineage in the 2nd quarter valued at $227,511,000. Pallas Capital Advisors LLC acquired a new stake in Lineage during the 2nd quarter worth $513,000. Deutsche Bank AG acquired a new stake in Lineage during the 2nd quarter worth $5,688,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Lineage during the second quarter worth about $2,053,000.
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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