Lineage, Inc. (NASDAQ:LINE) Given Average Rating of “Hold” by Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.20.

LINE has been the subject of several analyst reports. The Goldman Sachs Group set a $53.00 price target on shares of Lineage in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Lineage from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Piper Sandler lowered their target price on Lineage from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, August 27th. Robert W. Baird set a $43.00 price objective on Lineage in a research note on Thursday, August 6th. Finally, Evercore set a $44.00 price objective on Lineage in a research report on Monday, June 8th.

Lineage Trading Up 2.5%

NASDAQ LINE opened at $38.71 on Tuesday. The firm’s fifty day moving average is $41.37 and its two-hundred day moving average is $39.86. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.70 and a current ratio of 0.78. The firm has a market cap of $8.81 billion, a PE ratio of -53.76 and a beta of 0.82. Lineage has a one year low of $31.33 and a one year high of $45.75.

Lineage (NASDAQ:LINE) last posted 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 company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Lineage will post 2.5 earnings per share for the current year.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Kevin Marchetti acquired 25,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $39.50 per share, for a total transaction of $987,500.00. Following the completion of the acquisition, the chairman directly owned 138,690 shares of the company’s stock, valued at $5,478,255. This trade represents a 21.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Robb LeMasters purchased 20,000 shares of the firm’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 purchase, the chief financial officer owned 49,500 shares in the company, valued at $2,045,835. The trade was a 67.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 71.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lineage

Several institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC lifted its position in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares in the last quarter. Paralel Advisors LLC bought a new stake in Lineage in the second quarter valued at about $26,000. Allworth Financial LP raised its position in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after acquiring an additional 485 shares in the last quarter. Aew Capital Management L P acquired a new stake in shares of Lineage during the fourth quarter worth $42,000. Finally, Global Retirement Partners LLC acquired a new stake in Lineage during the second quarter worth about $48,000.

About Lineage

Lineage, Inc (NASDAQ: LINE) is a global real estate investment trust focused on temperature-controlled industrial properties and the food supply chain. The company owns, operates and develops a network of cold-storage facilities designed to preserve perishable products, including frozen and refrigerated food, from production through distribution and retail.

Lineage provides temperature-controlled warehousing, inventory management, transportation coordination and related supply-chain services.