Wealth Enhancement Advisory Services LLC Acquires 81,306 Shares of Lineage, Inc. $LINE
by Kim Johansen · The Markets DailyWealth Enhancement Advisory Services LLC increased its holdings in Lineage, Inc. (NASDAQ:LINE – Free Report) by 694.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,010 shares of the company’s stock after buying an additional 81,306 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Lineage were worth $3,353,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Baldwin Wealth Partners LLC MA bought a new position in Lineage in the fourth quarter worth approximately $1,442,000. JPMorgan Chase & Co. increased its stake in shares of Lineage by 839.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,702 shares of the company’s stock worth $5,398,000 after purchasing an additional 124,833 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Lineage in the 3rd quarter worth $581,000. Wilmington Savings Fund Society FSB bought a new position in Lineage in the 3rd quarter worth $70,000. Finally, GM Advisory Group LLC raised its holdings in Lineage by 100.0% in the 3rd quarter. GM Advisory Group LLC now owns 20,000 shares of the company’s stock worth $773,000 after purchasing an additional 10,000 shares during the period.
Analyst Ratings Changes
Several analysts have issued reports on LINE shares. Robert W. Baird reissued a “neutral” rating and set a $39.00 price target (down from $45.00) on shares of Lineage in a report on Thursday, December 18th. Wall Street Zen cut Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Friday. Finally, Scotiabank raised their target price on shares of Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Lineage presently has an average rating of “Hold” and a consensus price target of $43.72.
View Our Latest Report on Lineage
Insider Activity
In related news, Chairman Kevin Patrick Marchetti bought 13,300 shares of the stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of $37.50 per share, with a total value of $498,750.00. Following the completion of the acquisition, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. This represents a 13.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 71.90% of the stock is currently owned by insiders.
Lineage Price Performance
NASDAQ:LINE opened at $32.76 on Wednesday. The business’s 50-day simple moving average is $37.28 and its two-hundred day simple moving average is $37.20. Lineage, Inc. has a 52 week low of $31.33 and a 52 week high of $58.94. The stock has a market cap of $7.44 billion, a PE ratio of -76.18 and a beta of -0.42. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79.
Lineage (NASDAQ:LINE – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. As a group, analysts forecast that Lineage, Inc. will post 2.34 EPS for the current fiscal year.
Lineage Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.5325 per share. This is an increase from Lineage’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.13 dividend on an annualized basis and a yield of 6.5%. Lineage’s payout ratio is -490.70%.
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.