Analysts Set Lineage, Inc. (NASDAQ:LINE) Target Price at $42.06

Shares of Lineage, Inc. (NASDAQ:LINE) have received an average recommendation of “Reduce” from the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $42.0588.

LINE has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and set a $41.00 price objective (down from $55.00) on shares of Lineage in a report on Thursday, November 6th. Robert W. Baird reaffirmed a “neutral” rating and set a $39.00 price target (down previously from $45.00) on shares of Lineage in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Truist Financial set a $40.00 price objective on Lineage in a research note on Monday, December 22nd. Finally, Wells Fargo & Company decreased their target price on Lineage from $43.00 to $32.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 74,000 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $33.83 per share, with a total value of $2,503,420.00. Following the completion of the acquisition, the chairman owned 109,266 shares in the company, valued at $3,696,468.78. This trade represents a 209.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robb A. Lemasters purchased 30,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were bought at an average cost of $33.74 per share, for a total transaction of $1,012,200.00. Following the completion of the transaction, the chief financial officer directly owned 60,000 shares in the company, valued at $2,024,400. This trade represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 129,000 shares of company stock worth $4,366,940 over the last ninety days. 71.90% of the stock is owned by insiders.

Institutional Trading of Lineage

A number of hedge funds have recently modified their holdings of LINE. Jones Financial Companies Lllp raised its position in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares in the last quarter. Signaturefd LLC grew its stake in shares of Lineage by 132.3% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $28,000 after purchasing an additional 369 shares during the period. Caitlin John LLC purchased a new position in shares of Lineage during the 3rd quarter valued at approximately $31,000. Finally, Allworth Financial LP increased its holdings in shares of Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after purchasing an additional 614 shares in the last quarter.

Lineage Price Performance

Shares of LINE stock opened at $36.00 on Monday. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of -45.57 and a beta of -0.19. The stock’s 50-day simple moving average is $35.56 and its 200-day simple moving average is $38.55.

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

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 5.9%. The ex-dividend date was Wednesday, December 31st. Lineage’s payout ratio is presently -267.09%.

About Lineage

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.