Paralel Advisors LLC Sells 24,400 Shares of Lineage, Inc. $LINE

Paralel Advisors LLC lowered its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 97.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the company’s stock after selling 24,400 shares during the quarter. Paralel Advisors LLC’s holdings in Lineage were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC raised its holdings in Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Allworth Financial LP lifted its stake in Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares in the last quarter. Global Retirement Partners LLC bought a new position in Lineage in the second quarter valued at approximately $48,000. Finally, Aew Capital Management L P acquired a new position in shares of Lineage in the fourth quarter valued at approximately $42,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho raised shares of Lineage from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, July 28th. UBS Group boosted their price objective on shares of Lineage from $35.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. The Goldman Sachs Group set a $53.00 target price on shares of Lineage in a research note on Wednesday, August 12th. Weiss Ratings upgraded Lineage from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Finally, Citigroup lifted their price target on Lineage from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.20.

Insider Buying and Selling

In other Lineage news, CFO Robb A. Lemasters purchased 20,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer directly owned 49,500 shares of the company’s stock, valued at $2,045,835. This trade represents a 67.80% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Kevin Marchetti purchased 25,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average cost of $39.50 per share, with a total value of $987,500.00. Following the acquisition, the chairman directly owned 138,690 shares in the company, valued at approximately $5,478,255. The trade was a 21.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 71.60% of the company’s stock.

Lineage Price Performance

Lineage stock opened at $38.17 on Monday. 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 company’s 50-day moving average is $42.09 and its 200-day moving average is $39.85. The firm has a market capitalization of $8.69 billion, a PE ratio of -53.01 and a beta of 0.82. Lineage, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $45.75.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.98. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. Lineage’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. Sell-side analysts anticipate that Lineage, Inc. will post 2.51 earnings per share for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were given a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Lineage’s dividend payout ratio (DPR) is presently -295.83%.

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.