UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $17.23 Million Position in Lineage, Inc. $LINE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 2,845,507.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,385 shares of the company’s stock after acquiring an additional 398,371 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Lineage worth $17,230,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Lineage in the fourth quarter valued at about $482,255,000. BlackRock Inc. acquired a new stake in Lineage during the second quarter worth about $227,511,000. Darlington Partners Capital Management LP increased its holdings in Lineage by 45.5% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after buying an additional 1,605,810 shares during the period. Morgan Stanley raised its position in shares of Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after buying an additional 3,968,958 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Lineage by 712.1% in the 1st quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock valued at $118,268,000 after buying an additional 3,165,593 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LINE. Royal Bank Of Canada lifted 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. Evercore set a $44.00 target price on Lineage in a report on Monday, June 8th. Barclays lifted their price target on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Mizuho upgraded Lineage from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised Lineage from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lineage currently has an average rating of “Hold” and a consensus price target of $44.20.

Lineage Stock Down 0.4%

Shares of NASDAQ:LINE opened at $38.17 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.78. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $45.75. The company has a market capitalization of $8.69 billion, a PE ratio of -53.01 and a beta of 0.82. The company has a fifty day moving average of $42.09 and a 200-day moving average of $39.84.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the company posted $0.81 EPS. Lineage’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts predict that Lineage, Inc. will post 2.51 EPS for the current fiscal year.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were paid a $0.5325 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.6%. Lineage’s dividend payout ratio is currently -295.83%.

Insider Activity at Lineage

In other Lineage news, Chairman Kevin Marchetti acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $39.50 per share, for a total transaction of $987,500.00. Following the acquisition, the chairman directly owned 138,690 shares in the company, valued at $5,478,255. This represents a 21.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robb LeMasters bought 20,000 shares of Lineage stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the acquisition, the chief financial officer directly 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 71.60% of the company’s stock.

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.