Kennedy Capital Management LLC Makes New $4.72 Million Investment in Lineage, Inc. $LINE

Kennedy Capital Management LLC acquired a new position in Lineage, Inc. (NASDAQ:LINE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 134,836 shares of the company’s stock, valued at approximately $4,719,000.

Several other large investors have also recently bought and sold shares of LINE. Royal Bank of Canada raised its position in Lineage by 15.2% in the first quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock worth $290,000 after acquiring an additional 653 shares in the last quarter. AQR Capital Management LLC purchased a new position in Lineage in the first quarter worth $886,000. Millennium Management LLC raised its position in Lineage by 197.0% in the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock worth $16,916,000 after acquiring an additional 191,362 shares in the last quarter. Invesco Ltd. raised its position in Lineage by 15.5% in the second quarter. Invesco Ltd. now owns 148,086 shares of the company’s stock worth $6,445,000 after acquiring an additional 19,927 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in 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.

Lineage Stock Down 2.4%

Lineage stock opened at $43.37 on Tuesday. 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 $9.87 billion, a price-to-earnings ratio of -69.95 and a beta of 0.87. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $46.61. The stock’s fifty day moving average is $39.03 and its two-hundred day moving average is $37.36.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS 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 analyst estimates of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Analysts predict that Lineage, Inc. will post 2.39 EPS for the current fiscal year.

Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors 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 presently -343.55%.

Analyst Ratings Changes

LINE has been the topic of several research reports. Barclays upped their target price on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Friday, May 15th. Zacks Research raised Lineage from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley upped their target price on Lineage from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Wall Street Zen raised Lineage from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 19th. Finally, Citigroup upped their target price on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.82.

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.