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In a recent transaction, Kevin Patrick Marchetti, the Co-Executive Chairman of Lineage , Inc. (NASDAQ:LINE), acquired a significant amount of the company’s common stock. According to a filing with the Securities and Exchange Commission, Marchetti purchased shares totaling $982,229. The transactions were executed at prices ranging from $60.49 to $61.08 per share, close to the current trading price of $59.97. This insider purchase comes as the stock has shown strong momentum with an 11.5% gain over the past week, despite being down 25% over the past six months. According to InvestingPro analysis, analysts have set price targets ranging from $58 to $92.
Following these acquisitions, Marchetti now directly owns 16,233 shares of Lineage, Inc. Additionally, he holds indirect ownership of 190,162 shares through KPM Cold Storage and 157,216,306.3 shares through BG Lineage Holdings, LLC. Despite this indirect ownership, Marchetti disclaims beneficial ownership except to the extent of any pecuniary interest. While the company reported losses in the last twelve months, InvestingPro data indicates analysts expect Lineage to return to profitability this year. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, Lineage Inc. reported its fourth-quarter and full-year 2024 earnings, showing flat revenue at $5.34 billion for the year. Despite the stagnant revenue, the company anticipates growth in adjusted EBITDA for 2025, projecting a range of $1.35 billion to $1.4 billion. Goldman Sachs has adjusted its price target for Lineage Inc. to $71, maintaining a Buy rating, following discussions with the company’s management and an analysis of their earnings call. The company has launched a new warehouse execution system, LinOS, and opened a fully automated cold storage facility, highlighting its commitment to technology and automation.
Lineage Inc. projects a growth rate of 6.1% in 2025, significantly outpacing the average growth rate within its sector. The company has also maintained a strong competitive position in the cold storage market, supported by strategic initiatives and innovations. Analysts suggest that Lineage could see additional growth through strategic acquisitions and increased demand for cold storage. The company’s guidance for 2025 includes expectations for adjusted EBITDA between $1.35 billion and $1.4 billion, alongside a projected AFFO per share of $3.40 to $3.60. These recent developments indicate Lineage Inc.’s strategic focus on growth and market expansion.
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