Focus Partners Advisor Solutions LLC Makes New Investment in Lineage, Inc. $LINE

Focus Partners Advisor Solutions LLC bought a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,603 shares of the company’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after buying an additional 627 shares in the last quarter. Allworth Financial LP increased its stake in shares of Lineage by 106.6% in the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the last quarter. Aew Capital Management L P bought a new stake in shares of Lineage in the fourth quarter worth $42,000. Finally, Caitlin John LLC raised its holdings in Lineage by 88.4% in the fourth quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock valued at $53,000 after acquiring an additional 707 shares in the last quarter.

Lineage Stock Performance

Shares of LINE opened at $40.80 on Tuesday. The business’s fifty day moving average price is $42.81 and its 200 day moving average price is $39.58. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $45.75. The stock has a market capitalization of $9.29 billion, a PE ratio of -56.67 and a beta of 0.84. 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 (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Lineage, Inc. will post 2.49 EPS for the current year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th were issued a $0.5325 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.2%. Lineage’s payout ratio is -295.83%.

Insider Activity at Lineage

In other Lineage news, CFO Robb A. Lemasters purchased 20,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $41.33 per share, with a total value of $826,600.00. Following the acquisition, the chief financial officer owned 49,500 shares of the company’s stock, valued at approximately $2,045,835. This represents a 67.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 71.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on LINE shares. Wells Fargo & Company reduced their price objective on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. The Goldman Sachs Group set a $53.00 target price on shares of Lineage in a research report on Wednesday, August 12th. Citigroup increased their price target on shares of Lineage from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial lifted their price target on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, UBS Group boosted their price objective on 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 assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.20.

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.