Aew Capital Management L P Sells 220,906 Shares of Lineage, Inc. (NASDAQ:LINE)

Aew Capital Management L P decreased its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 99.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500 shares of the company's stock after selling 220,906 shares during the period. Aew Capital Management L P's holdings in Lineage were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LINE. Bank of New York Mellon Corp increased its holdings in shares of Lineage by 149.7% in the 4th quarter. Bank of New York Mellon Corp now owns 266,784 shares of the company's stock worth $15,626,000 after acquiring an additional 159,927 shares during the period. New York State Common Retirement Fund grew its holdings in Lineage by 58.3% in the 4th quarter. New York State Common Retirement Fund now owns 32,600 shares of the company's stock worth $1,909,000 after buying an additional 12,000 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Lineage in the 4th quarter valued at approximately $447,000. Baillie Gifford & Co. boosted its position in Lineage by 80.8% during the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after acquiring an additional 1,384,481 shares during the period. Finally, Villere ST Denis J & Co. LLC grew its stake in shares of Lineage by 11,362.8% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 458,513 shares of the company's stock worth $26,855,000 after purchasing an additional 454,513 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on LINE shares. The Goldman Sachs Group reduced their price target on shares of Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada decreased their price target on Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a research note on Wednesday, November 13th. Evercore ISI dropped their price objective on Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. BNP Paribas initiated coverage on Lineage in a research note on Tuesday, January 14th. They set a "neutral" rating and a $61.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.41.

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Lineage Trading Up 2.7 %

NASDAQ:LINE traded up $1.63 on Wednesday, hitting $61.72. 841,321 shares of the stock were exchanged, compared to its average volume of 985,333. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage, Inc. has a 52 week low of $52.75 and a 52 week high of $89.85. The company's 50-day moving average price is $57.80 and its 200 day moving average price is $67.84.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.5275 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.42%.

Insider Buying and Selling at Lineage

In related news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% 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.