Brokerages Set Lineage, Inc. (NASDAQ:LINE) Price Target at $93.50

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $93.50.

LINE has been the topic of several recent analyst reports. Mizuho started 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. Robert W. Baird started coverage on Lineage in a research report on Monday, August 19th. They issued an “outperform” rating and a $91.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Baird R W raised shares of Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Finally, The Goldman Sachs Group reduced their price objective on shares of Lineage from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, September 13th.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $76.17 on Tuesday. Lineage has a one year low of $73.16 and a one year high of $89.85. The stock has a market capitalization of $18.55 billion and a PE ratio of -5.57. The company has a 50-day simple moving average of $81.81. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 1.93.

Lineage Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, September 30th. Lineage’s payout ratio is currently -11.12%.

Insider Activity at Lineage

In other news, CFO Robert Crisci purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Lineage news, Director Nancy Joy Falotico bought 1,300 shares of Lineage stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $78.00 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 2,452 shares of the company’s stock, valued at $191,256. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Crisci purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $780,000. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,150 shares of company stock valued at $947,700. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lineage stock. Perpetual Ltd purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,128 shares of the company’s stock, valued at approximately $324,000. Institutional investors and hedge funds own 3.35% of the company’s stock.

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.