Brokerages Set Lineage, Inc. (NASDAQ:LINE) Price Target at $43.93

by · The Markets Daily

Lineage, Inc. (NASDAQ:LINEGet Free Report) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.9333.

A number of brokerages have recently commented on LINE. Truist Financial boosted their price objective 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. Mizuho raised shares of Lineage from a “neutral” rating to an “outperform” rating and raised their target price for the company from $40.00 to $47.00 in a research report on Tuesday, July 28th. Scotiabank reiterated a “sector perform” rating and issued a $45.00 price target on shares of Lineage in a research note on Thursday, June 18th. Evercore set a $44.00 price target on shares of Lineage in a research report on Monday, June 8th. Finally, Barclays increased their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th.

Read Our Latest Research Report on LINE

Insider Buying and Selling

In related news, CFO Robb A. Lemasters purchased 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 completion of the transaction, the chief financial officer owned 49,500 shares of the company’s stock, valued at approximately $2,045,835. This trade represents a 67.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 71.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Lineage during the 4th quarter worth approximately $482,255,000. BlackRock Inc. bought a new stake in Lineage in the 2nd quarter valued at $227,511,000. Morgan Stanley raised its stake in Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after acquiring an additional 3,968,958 shares during the period. Bank of America Corp DE lifted its holdings in Lineage by 712.1% during the 1st quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock valued at $118,268,000 after purchasing an additional 3,165,593 shares during the last quarter. Finally, Darlington Partners Capital Management LP lifted its holdings in Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after purchasing an additional 1,605,810 shares during the last quarter.

Lineage Stock Performance

NASDAQ:LINE opened at $41.75 on Friday. The company has a market cap of $9.51 billion, a P/E ratio of -57.99 and a beta of 0.84. Lineage has a twelve month low of $31.33 and a twelve month high of $45.75. The business has a 50 day moving average price of $42.84 and a two-hundred day moving average price of $39.55. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were issued a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Lineage’s dividend payout ratio is presently -295.83%.

Key Stories Impacting Lineage

Here are the key news stories impacting Lineage this week:

Lineage Company Profile

(Get Free Report)

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.

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