United Capital Financial Advisors LLC Purchases New Shares in Lineage, Inc. $LINE

United Capital Financial Advisors LLC purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 17,449 shares of the company’s stock, valued at approximately $755,000.

A number of other institutional investors have also added to or reduced their stakes in LINE. Caitlin John LLC purchased a new stake in Lineage in the 2nd quarter valued at about $83,000. Jefferies Financial Group Inc. purchased a new position in shares of Lineage in the 2nd quarter worth approximately $436,000. Public Employees Retirement System of Ohio purchased a new position in shares of Lineage in the 2nd quarter worth approximately $4,340,000. Corient Private Wealth LP bought a new position in shares of Lineage in the second quarter valued at approximately $3,763,000. Finally, Bank of America Corp DE bought a new position in shares of Lineage in the second quarter valued at approximately $156,045,000.

Insider Transactions at Lineage

In other Lineage news, CFO Robb A. Lemasters acquired 20,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $41.33 per share, with a total value of $826,600.00. Following the completion of the acquisition, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 71.60% of the company’s stock.

Lineage Stock Performance

NASDAQ:LINE opened at $39.32 on Monday. The company has a market capitalization of $8.95 billion, a P/E ratio of -54.61 and a beta of 0.84. The business has a fifty day simple moving average of $42.40 and a two-hundred day simple moving average of $39.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. Lineage, Inc. has a 1 year low of $31.33 and a 1 year high of $45.75.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. On average, analysts expect that Lineage, Inc. will post 2.51 earnings per share for the current year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were paid a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, June 30th. Lineage’s payout ratio is currently -295.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LINE. Royal Bank Of Canada increased their price target on Lineage from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Scotiabank reissued a “sector perform” rating and issued a $45.00 price objective on shares of Lineage in a research report on Thursday, June 18th. Piper Sandler reduced their price objective on Lineage from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday. Wall Street Zen raised Lineage from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Wells Fargo & Company lowered their target price on Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.07.

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.