Lineage, Inc. (NASDAQ:LINE) Receives Average Recommendation of “Reduce” from Brokerages

Lineage, Inc. (NASDAQ:LINE) has earned a consensus rating of “Reduce” from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.0588.

A number of research analysts recently commented on LINE shares. The Goldman Sachs Group dropped their target price on shares of Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Citigroup reduced their target price on Lineage from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. UBS Group cut 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. Piper Sandler restated a “neutral” rating and set a $41.00 target price (down from $55.00) on shares of Lineage in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, November 14th.

Lineage Stock Performance

Shares of LINE opened at $39.00 on Friday. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of -49.37 and a beta of -0.19. Lineage has a 52-week low of $32.46 and a 52-week high of $62.30. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $36.18 and a 200 day moving average price of $38.00.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Lineage’s dividend payout ratio is presently -267.09%.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Lineage during the 2nd quarter worth approximately $606,642,000. Darlington Partners Capital Management LP raised its stake in shares of Lineage by 45.5% during the third 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 last quarter. Morgan Stanley raised its stake in shares of Lineage by 378.6% during the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Lineage by 4.0% during the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock worth $121,830,000 after purchasing an additional 120,616 shares during the period. Finally, State Street Corp grew its position in Lineage by 8.9% in the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock valued at $78,402,000 after buying an additional 145,742 shares during the last quarter.

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.