Lineage, Inc. (NASDAQ:LINE) Given Consensus Rating of “Moderate Buy” by Analysts

Lineage, Inc. (NASDAQ:LINE) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $93.50.

Several equities research analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating for the company in a research report on Monday, August 26th. KeyCorp assumed coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $92.00 target price for the company. Piper Sandler began coverage on shares of Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $102.00 price target on the stock. The Goldman Sachs Group reduced their price objective on Lineage from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, Mizuho began coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $86.00 target price on the stock.

Insiders Place Their Bets

In other news, CFO Robert Crisci bought 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $780,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Robert Crisci purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $780,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Alvarez Rivera bought 600 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $78.00 per share, for a total transaction of $46,800.00. Following the transaction, the insider now owns 5,406 shares in the company, valued at approximately $421,668. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 12,150 shares of company stock valued at $947,700 in the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Lineage

A hedge fund recently bought a new stake in Lineage stock. SG Americas Securities LLC bought a new position in Lineage, Inc. (NASDAQ:LINE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,395 shares of the company’s stock, valued at approximately $658,000. Institutional investors own 3.35% of the company’s stock.

Lineage Stock Performance

Lineage stock opened at $75.27 on Tuesday. Lineage has a one year low of $73.16 and a one year high of $89.85. The firm’s fifty day moving average price is $81.99. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10. The stock has a market capitalization of $18.33 billion and a PE ratio of -5.51.

Lineage Dividend Announcement

The company also recently declared a — dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, September 30th. Lineage’s payout ratio is presently -11.12%.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.