37,693 Shares in Lineage, Inc. $LINE Bought by PEAK6 LLC

PEAK6 LLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 37,693 shares of the company’s stock, valued at approximately $1,630,000.

Several other large investors have also recently modified their holdings of LINE. Norges Bank purchased a new stake in Lineage during the 4th quarter valued at about $482,255,000. BlackRock Inc. purchased a new position in Lineage in the 2nd quarter worth approximately $227,511,000. Darlington Partners Capital Management LP increased its stake 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 worth $198,332,000 after purchasing an additional 1,605,810 shares during the period. Morgan Stanley lifted its position in Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after purchasing an additional 3,968,958 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Lineage by 712.1% during the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock valued at $118,268,000 after purchasing an additional 3,165,593 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently commented on LINE shares. Piper Sandler lifted their target price on shares of Lineage from $35.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Morgan Stanley raised their price target on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Scotiabank reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of Lineage in a research note on Thursday, June 18th. Truist Financial raised their target price on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group set a $53.00 price objective on Lineage in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.20.

Lineage Price Performance

LINE stock opened at $41.61 on Monday. The firm has a market cap of $9.48 billion, a PE ratio of -57.79 and a beta of 0.84. The business has a 50 day moving average of $42.58 and a 200 day moving average of $39.75. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $45.75. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84.

Lineage (NASDAQ:LINE) last announced 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. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.81 EPS. On average, research analysts forecast that Lineage, Inc. will post 2.49 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.1%. Lineage’s payout ratio is currently -295.83%.

Insider Buying and Selling at Lineage

In other news, CFO Robb A. Lemasters purchased 20,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the transaction, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 71.60% of the stock is currently owned by insiders.

Lineage 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.