Robb Lemasters Purchases 20,000 Shares of Lineage (NASDAQ:LINE) Stock

Lineage, Inc. (NASDAQ:LINE) CFO Robb Lemasters bought 20,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $41.33 per share, with a total value of $826,600.00. Following the transaction, the chief financial officer directly owned 49,500 shares in the company, valued at approximately $2,045,835. The trade was a 67.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Lineage Stock Performance

LINE stock opened at $41.80 on Wednesday. Lineage, Inc. has a twelve month low of $31.33 and a twelve month high of $45.75. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The company has a market cap of $9.52 billion, a P/E ratio of -58.05 and a beta of 0.85. The business’s fifty day moving average is $42.86 and its 200-day moving average is $39.42.

Lineage Announces Dividend

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

Analyst Ratings Changes

LINE has been the topic of a number of recent analyst reports. Scotiabank restated a “sector perform” rating and set a $45.00 target price on shares of Lineage in a report on Thursday, June 18th. Truist Financial upped their price target on Lineage from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Barclays increased their price target on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Evercore set a $44.00 price objective on shares of Lineage in a report on Monday, June 8th. Finally, 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 report on Friday, July 17th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Lineage by 1.6% in 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 grew its holdings in shares of Lineage by 172.4% during the second 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 grew its holdings in shares of Lineage by 4.1% during the first quarter. Vanderbilt University now owns 10,925 shares of the company’s stock worth $358,000 after buying an additional 431 shares in the last quarter. Allworth Financial LP raised its position in Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position 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 during the last quarter.

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.