Villere ST Denis J & Co. LLC Decreases Stock Position in Lineage, Inc. $LINE

Villere ST Denis J & Co. LLC cut its position in Lineage, Inc. (NASDAQ:LINE) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 707,925 shares of the company’s stock after selling 28,845 shares during the period. Lineage makes up about 2.6% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 19th largest holding. Villere ST Denis J & Co. LLC’s holdings in Lineage were worth $23,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the period. Rothschild Investment LLC raised its stake in Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Allworth Financial LP lifted its holdings in Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after purchasing an additional 485 shares during the last quarter. Aew Capital Management L P bought a new position in Lineage during the fourth quarter worth about $42,000. Finally, Caitlin John LLC boosted its position in Lineage by 88.4% during the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after purchasing an additional 707 shares during the period.

More Lineage News

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Lineage said it is expanding aid for neighbors affected by the warehouse fire, which may help ease criticism and show the company is trying to address community concerns. As Boyle Heights community meeting looms, Lineage expands aid to warehouse neighbors
• Positive Sentiment: One market commentary argued investors should not confuse a cyclical downturn with a broken business, suggesting some believe the stock’s long-term fundamentals may remain intact despite near-term pressure. Lineage: Don’t Mistake A Cyclical Slump For A Broken Business
• Neutral Sentiment: Lineage was mentioned in connection with a Grand Design motorhome launch, but this appears unrelated to the core warehouse and logistics business and is unlikely to move the stock materially. Grand Design’s Lineage Series E Motorhome Debuts With Features the Class C Market Hasn’t Seen Before
• Negative Sentiment: Multiple reports say residents are still dealing with odors, health issues, and frustration after the fire, signaling ongoing backlash that could increase cleanup costs, liabilities, and scrutiny for Lineage. Frustration, fury reign at Boyle Heights town hall on Lineage warehouse fire
• Negative Sentiment: Coverage also says safety concerns about the solar panels were raised a year before the massive fire, which could fuel questions about oversight and responsibility. Safety concerns over solar panels were raised a year before massive Boyle Heights fire
• Negative Sentiment: Town hall coverage shows Lineage representatives facing residents over the fire, reinforcing the risk of reputational damage and potential follow-on claims. Boyle Heights warehouse fire town hall meeting takes place Thursday night, Lineage offers additional support

Lineage Price Performance

Shares of Lineage stock traded down $0.86 on Friday, reaching $43.12. The stock had a trading volume of 727,980 shares, compared to its average volume of 940,357. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $45.75. The company has a market cap of $9.82 billion, a P/E ratio of -69.55 and a beta of 0.85. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $41.82 and its two-hundred day moving average is $38.31.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of ($0.23) by $1.01. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. Lineage’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. As a group, research analysts anticipate that Lineage, Inc. will post 2.44 EPS for the current year.

Lineage Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LINE shares. Truist Financial boosted their price target on shares of Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley raised their price objective on shares of Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Barclays lifted their price objective on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Wednesday, June 24th. Finally, Wall Street Zen raised Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Lineage currently has a consensus rating of “Hold” and a consensus price target of $41.62.

Lineage 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.