GRS Advisors LLC Boosts Position in Lineage, Inc. $LINE

GRS Advisors LLC grew its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 33.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,105,351 shares of the company’s stock after buying an additional 277,099 shares during the period. Lineage accounts for approximately 4.0% of GRS Advisors LLC’s portfolio, making the stock its 12th largest holding. GRS Advisors LLC’s holdings in Lineage were worth $42,711,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LINE. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Lineage by 58.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock worth $2,937,000 after purchasing an additional 27,905 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Lineage by 110.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock valued at $998,000 after purchasing an additional 12,021 shares in the last quarter. Waterfall Asset Management LLC bought a new position in shares of Lineage in the third quarter worth $6,275,000. Corient Private Wealth LLC increased its holdings in shares of Lineage by 590.5% in the second quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock worth $3,859,000 after purchasing an additional 75,838 shares during the period. Finally, SCP Investment LP raised its position in shares of Lineage by 113.3% in the third quarter. SCP Investment LP now owns 480,000 shares of the company’s stock worth $18,547,000 after buying an additional 255,000 shares in the last quarter.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $36.43 on Friday. The stock’s 50-day moving average is $37.54 and its 200 day moving average is $37.78. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of -84.72 and a beta of -0.42. Lineage, Inc. has a 1-year low of $32.46 and a 1-year high of $61.01. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were paid a $0.5275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.8%. Lineage’s dividend payout ratio is -490.70%.

Insider Activity

In other Lineage news, Chairman Kevin Patrick Marchetti bought 11,222 shares of Lineage stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $39.05 per share, with a total value of $438,219.10. Following the acquisition, the chairman owned 100,390 shares in the company, valued at approximately $3,920,229.50. This trade represents a 12.59% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 71.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LINE shares. Truist Financial lifted their price objective on Lineage from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group decreased their target price on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Barclays reiterated a “positive” rating on shares of Lineage in a research report on Wednesday, February 4th. Robert W. Baird reissued a “neutral” rating and set a $39.00 price objective (down from $45.00) on shares of Lineage in a report on Thursday, December 18th. Finally, UBS Group decreased their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.18.

About Lineage

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.