Lineage, Inc. $LINE Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Lineage, Inc. (NASDAQ:LINE) by 11.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 926,149 shares of the company’s stock after buying an additional 93,188 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Lineage were worth $32,415,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Lineage by 82.2% in the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares in the last quarter. Caitlin John LLC purchased a new position in shares of Lineage in the third quarter worth approximately $31,000. Finally, Allworth Financial LP increased its position in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares in the last quarter.

Lineage Stock Performance

LINE stock opened at $38.45 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of -62.02 and a beta of 0.61. Lineage, Inc. has a 12 month low of $31.33 and a 12 month high of $48.72. The firm has a 50 day moving average of $36.37 and a two-hundred day moving average of $36.40.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, equities analysts anticipate that Lineage, Inc. will post 2.39 EPS for the current fiscal year.

Lineage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.5325 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from Lineage’s previous quarterly dividend of $0.53. Lineage’s payout ratio is currently -343.55%.

Analyst Ratings Changes

LINE has been the topic of several analyst reports. Compass Point initiated coverage on shares of Lineage in a research report on Wednesday, March 18th. They issued a “buy” rating and a $47.00 target price on the stock. Truist Financial lifted their target price on shares of Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research report on Friday, March 27th. The Goldman Sachs Group boosted their price objective on shares of Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Wall Street Zen downgraded shares of Lineage from a “sell” rating to a “strong sell” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $43.28.

Insider Activity at Lineage

In related news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of the stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $37.50 per share, with a total value of $498,750.00. Following the acquisition, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. The trade was a 13.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 71.90% of the company’s stock.

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.