Baillie Gifford & Co. Makes New $134.35 Million Investment in Lineage, Inc. (NASDAQ:LINE)

Baillie Gifford & Co. purchased a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,714,099 shares of the company's stock, valued at approximately $134,351,000. Baillie Gifford & Co. owned about 0.75% of Lineage at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. purchased a new position in Lineage during the third quarter worth about $173,115,000. Seven Grand Managers LLC acquired a new position in shares of Lineage during the 3rd quarter valued at about $24,298,000. Sequoia Financial Advisors LLC purchased a new position in shares of Lineage during the 3rd quarter worth about $23,893,000. Asset Management One Co. Ltd. acquired a new stake in shares of Lineage in the third quarter worth approximately $6,595,000. Finally, Easterly Investment Partners LLC purchased a new stake in Lineage in the third quarter valued at approximately $6,100,000.

Lineage Stock Performance

Shares of Lineage stock traded down $0.83 on Wednesday, hitting $64.78. 955,941 shares of the company's stock traded hands, compared to its average volume of 1,418,466. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business's 50-day simple moving average is $77.02. Lineage, Inc. has a 52-week low of $64.48 and a 52-week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, analysts expect that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a -- dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

Analyst Ratings Changes

A number of brokerages have weighed in on LINE. Mizuho started coverage on shares of Lineage in a report on Monday, August 19th. They issued a "neutral" rating and a $86.00 price target on the stock. Truist Financial assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued a "buy" rating and a $94.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Lineage in a research report on Monday, August 19th. They set an "overweight" rating and a $93.00 price target for the company. KeyCorp began coverage on Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $92.00 price objective on the stock. Finally, Capital One Financial began coverage on Lineage in a research note on Monday, September 16th. They set an "overweight" rating and a $91.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $91.69.

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.