Key Points
- Lineage Chairman Kevin Patrick Marchetti bought 25,000 shares at an average price of $39.50, investing $987,500 and increasing his stake by 21.99% to 138,690 shares.
- Lineage reported quarterly revenue of $1.36 billion and EPS of $0.76, sharply exceeding analysts’ expectations, though the company remained unprofitable with a 3.15% negative net margin.
- Analysts maintain a largely neutral view, with an average “Hold” rating and a $44.20 price target; Lineage also offers a quarterly dividend of $0.5325, equivalent to a 5.5% annualized yield.
Lineage, Inc. (NASDAQ:LINE - Get Free Report) Chairman Kevin Patrick Marchetti purchased 25,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $39.50 per share, with a total value of $987,500.00. Following the completion of the acquisition, the chairman owned 138,690 shares in the company, valued at approximately $5,478,255. This represents a 21.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Lineage Stock Performance
Lineage stock opened at $38.79 on Wednesday. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of -53.87 and a beta of 0.82. The firm's fifty day moving average price is $42.34 and its 200 day moving average price is $39.84.
Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.98. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. On average, research analysts forecast that Lineage, Inc. will post 2.51 EPS for the current fiscal year.
Lineage Dividend Announcement
The firm 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 yield of 5.5%. Lineage's dividend payout ratio is currently -295.83%.
Hedge Funds Weigh In On Lineage
Several large investors have recently added to or reduced their stakes in LINE. EverSource Wealth Advisors LLC boosted its holdings in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 362 shares during the period. Rothschild Investment LLC raised its holdings in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company's stock worth $26,000 after purchasing an additional 627 shares during the period. Paralel Advisors LLC bought a new position in shares of Lineage in the 2nd quarter worth about $26,000. 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. Finally, Aew Capital Management L P acquired a new position in shares of Lineage in the 4th quarter valued at about $42,000.
Analysts Set New Price Targets
Several equities analysts have recently commented on LINE shares. Wells Fargo & Company increased their target price on Lineage from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday. UBS Group lifted their price target on shares of Lineage from $35.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Morgan Stanley upped their price target on shares of Lineage from $39.00 to $47.00 and gave the company an "equal weight" rating in a report on Tuesday, June 2nd. Royal Bank Of Canada increased their price objective on shares of Lineage from $44.00 to $48.00 and gave the company an "outperform" rating in a research note on Monday, August 17th. Finally, Truist Financial boosted their target price on shares of Lineage from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Lineage currently has an average rating of "Hold" and an average price target of $44.20.
Check Out Our Latest Analysis on Lineage
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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