Lineage (NASDAQ:LINE) Hits New 12-Month Low at $80.03

Shares of Lineage, Inc. (NASDAQ:LINE) hit a new 52-week low during trading on Wednesday . The company traded as low as $80.03 and last traded at $80.81, with a volume of 139895 shares traded. The stock had previously closed at $81.87.

Analyst Ratings Changes

Several brokerages have weighed in on LINE. Piper Sandler started coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $102.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $105.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $93.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 target price for the company. Finally, Truist Financial assumed coverage on Lineage in a research report on Monday, August 19th. They issued a “buy” rating and a $94.00 price target on the stock. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.87.

Lineage Price Performance

Lineage Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a $0.38 dividend. The ex-dividend date is Monday, September 30th.

Insider Transactions at Lineage

In related news, insider Jeffrey Alvarez Rivera acquired 600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, with a total value of $46,800.00. Following the transaction, the insider now owns 5,406 shares of the company’s stock, valued at approximately $421,668. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lineage news, Director Nancy Joy Falotico purchased 1,300 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $78.00 per share, with a total value of $101,400.00. Following the purchase, the director now directly owns 2,452 shares of the company’s stock, valued at $191,256. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the acquisition, the insider now directly owns 5,406 shares of the company’s stock, valued at $421,668. The disclosure for this purchase can be found here. Insiders purchased 12,150 shares of company stock valued at $947,700 over the last quarter.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.