Brown Brothers Harriman & Co. acquired a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company's stock, valued at approximately $879,000.
Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after acquiring an additional 448 shares during the period. Larson Financial Group LLC acquired a new stake in Lineage in the 3rd quarter valued at approximately $34,000. Stifel Financial Corp purchased a new stake in Lineage in the third quarter valued at approximately $211,000. MetLife Investment Management LLC acquired a new position in Lineage during the third quarter worth $226,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Lineage during the fourth quarter worth $289,000.
Analyst Ratings Changes
Several equities analysts recently issued reports on LINE shares. JPMorgan Chase & Co. lowered Lineage from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Morgan Stanley reduced their price target on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Tuesday. Mizuho dropped their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Citigroup began coverage on shares of Lineage in a report on Friday, March 28th. They set a "neutral" rating and a $64.00 target price on the stock. Finally, Royal Bank of Canada decreased their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.67.
Check Out Our Latest Stock Analysis on Lineage
Insider Activity at Lineage
In other news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the transaction, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Lineage Stock Down 3.7 %
Lineage stock traded down $2.06 during mid-day trading on Friday, hitting $54.35. The company had a trading volume of 2,029,717 shares, compared to its average volume of 1,282,843. 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 1 year low of $52.75 and a 1 year high of $89.85. The business has a fifty day moving average of $58.30 and a 200 day moving average of $64.10.
Lineage Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 3.88%.
Lineage Profile
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Free Report)
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.
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