Lineage (NASDAQ:LINE) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Lineage (NASDAQ:LINE) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other analysts also recently issued reports on LINE. Royal Bank Of Canada boosted their price objective on shares of Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Morgan Stanley lowered their target price on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. JPMorgan Chase & Co. cut their price target on Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, November 14th. Finally, UBS Group reduced their price target on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.00.

Lineage Stock Up 0.4%

LINE opened at $39.16 on Monday. The stock has a fifty day moving average of $37.40 and a 200-day moving average of $37.81. The company has a market capitalization of $8.89 billion, a P/E ratio of -91.07 and a beta of -0.42. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $61.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts expect that Lineage will post 2.34 EPS for the current year.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were given a $0.5275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.4%. Lineage’s payout ratio is presently -490.70%.

Institutional Trading of Lineage

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 362 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Lineage by 426.4% in 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. Finally, Caitlin John LLC bought a new position in shares of Lineage in the 3rd quarter valued at $31,000.

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.