Deutsche Bank AG Buys New Holdings in Lineage, Inc. $LINE

Deutsche Bank AG acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 131,507 shares of the company’s stock, valued at approximately $5,688,000.

Several other institutional investors have also made changes to their positions in LINE. Public Employees Retirement System of Ohio boosted its holdings in Lineage by 1.6% during the third quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock valued at $874,000 after purchasing an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares in the last quarter. Vanderbilt University lifted its position in shares of Lineage by 4.1% during the 1st quarter. Vanderbilt University now owns 10,925 shares of the company’s stock worth $358,000 after buying an additional 431 shares during the period. Allworth Financial LP lifted its position in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Lineage by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after buying an additional 502 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LINE. Truist Financial increased their target price on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Citigroup upped their price objective on shares of Lineage from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Robert W. Baird set a $43.00 target price on shares of Lineage in a research note on Thursday, August 6th. Mizuho raised Lineage from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group set a $53.00 price target on Lineage in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Lineage presently has a consensus rating of “Hold” and an average target price of $44.20.

Lineage Stock Down 1.9%

Shares of NASDAQ:LINE opened at $40.80 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of -56.67 and a beta of 0.84. The company has a 50 day moving average of $42.53 and a 200-day moving average of $39.79. Lineage, Inc. has a one year low of $31.33 and a one year high of $45.75.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, sell-side analysts forecast that Lineage, Inc. will post 2.49 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were issued a $0.5325 dividend. This represents a $2.13 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 30th. Lineage’s dividend payout ratio is -295.83%.

Insider Buying and Selling at Lineage

In related news, CFO Robb A. Lemasters bought 20,000 shares of Lineage stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $41.33 per share, with a total value of $826,600.00. Following the purchase, the chief financial officer owned 49,500 shares in the company, valued at approximately $2,045,835. This trade represents a 67.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 71.60% of the stock is owned by company insiders.

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.