Paralel Advisors LLC Acquires New Stake in Lineage, Inc. $LINE

Paralel Advisors LLC acquired a new stake in Lineage, Inc. (NASDAQ:LINE) during the third quarter, Holdings Channel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $966,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares during the last quarter. Signaturefd LLC grew its stake in Lineage by 132.3% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares in the last quarter. Strs Ohio raised its holdings in Lineage by 0.5% in the 2nd quarter. Strs Ohio now owns 98,088 shares of the company’s stock valued at $4,269,000 after acquiring an additional 488 shares during the last quarter. Allworth Financial LP lifted its stake in Lineage by 426.4% in the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after purchasing an additional 614 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Lineage by 16.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,455 shares of the company’s stock worth $194,000 after purchasing an additional 626 shares during the last quarter.

Insider Transactions at Lineage

In other news, CFO Robb A. Lemasters acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $33.74 per share, for a total transaction of $1,012,200.00. Following the acquisition, the chief financial officer owned 60,000 shares of the company’s stock, valued at $2,024,400. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Kevin Patrick Marchetti bought 14,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $33.72 per share, for a total transaction of $488,940.00. Following the purchase, the chairman owned 89,168 shares in the company, valued at $3,006,744.96. This represents a 19.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 129,000 shares of company stock valued at $4,366,940. Corporate insiders own 71.90% of the company’s stock.

Wall Street Analyst Weigh In

LINE has been the subject of several recent research reports. Barclays reaffirmed an “equal weight” rating and issued a $38.00 price target (down previously from $47.00) on shares of Lineage in a report on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Evercore ISI dropped their price objective on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, November 10th. Piper Sandler reaffirmed a “neutral” rating and set a $41.00 target price (down from $55.00) on shares of Lineage in a research note on Thursday, November 6th. Finally, Zacks Research cut shares of Lineage from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $42.06.

Lineage Trading Down 0.8%

Shares of LINE stock opened at $35.71 on Friday. Lineage, Inc. has a 1-year low of $32.46 and a 1-year high of $62.30. The firm has a market cap of $8.15 billion, a PE ratio of -45.20 and a beta of -0.19. The company has a 50-day moving average of $35.65 and a two-hundred day moving average of $38.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.86.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Lineage had a negative net margin of 3.30% and a negative return on equity of 1.85%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. On average, analysts predict that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is currently -267.09%.

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.