Baillie Gifford & Co. Acquires 1,384,481 Shares of Lineage, Inc. (NASDAQ:LINE)

Baillie Gifford & Co. boosted its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 80.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,098,580 shares of the company's stock after buying an additional 1,384,481 shares during the period. Baillie Gifford & Co. owned approximately 1.36% of Lineage worth $181,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Van ECK Associates Corp acquired a new stake in shares of Lineage during the third quarter worth $833,000. TOMS Capital Investment Management LP acquired a new position in Lineage during the third quarter valued at $15,676,000. Sequoia Financial Advisors LLC purchased a new position in Lineage in the third quarter valued at $23,893,000. JPMorgan Chase & Co. purchased a new position in Lineage in the third quarter valued at $12,542,000. Finally, Nicola Wealth Management LTD. purchased a new position in Lineage in the third quarter valued at $658,000.

Analyst Ratings Changes

LINE has been the subject of a number of research reports. Scotiabank cut their target price on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a research note on Monday, February 3rd. Evercore ISI dropped their price objective on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. Mizuho decreased their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Robert W. Baird decreased their price objective on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $84.88.

Lineage Price Performance

LINE traded down $0.03 on Thursday, reaching $54.63. The company had a trading volume of 3,628,387 shares, compared to its average volume of 789,024. The company has a fifty day moving average of $58.11 and a 200-day moving average of $69.64. 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 one year low of $52.75 and a one year high of $89.85.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 3.86%.

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.