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

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus rating of “Hold” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $41.6250.

A number of equities research analysts have commented on the company. Piper Sandler decreased their price objective on Lineage from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Wells Fargo & Company reduced their price target on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a report on Wednesday, June 24th. Scotiabank reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of Lineage in a research report on Thursday, June 18th. Finally, Barclays boosted their price objective on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th.

Lineage Trading Up 0.8%

Lineage stock opened at $43.59 on Thursday. Lineage has a 52 week low of $31.33 and a 52 week high of $45.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of -70.31 and a beta of 0.85. The company has a 50 day moving average price of $40.78 and a 200 day moving average price of $37.91.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.Lineage’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. Research analysts forecast that Lineage will post 2.44 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.5325 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.9%. Lineage’s dividend payout ratio (DPR) is -343.55%.

Hedge Funds Weigh In On Lineage

A number of hedge funds have recently modified their holdings of LINE. EverSource Wealth Advisors LLC grew its stake in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Lineage by 575.2% during the 4th 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. Caitlin John LLC purchased a new stake in shares of Lineage during the 3rd quarter worth about $31,000. Allworth Financial LP lifted its holdings 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 buying an additional 485 shares during the last quarter. Finally, Aew Capital Management L P acquired a new stake in shares of Lineage during the 4th quarter valued at about $42,000.

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.