Lineage, Inc. (NASDAQ:LINE) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 197.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 522,798 shares of the company's stock after acquiring an additional 346,916 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of Lineage worth $30,620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LINE. Wellington Management Group LLP bought a new stake in Lineage during the third quarter valued at $265,895,000. Principal Financial Group Inc. acquired a new stake in Lineage during the third quarter worth about $173,115,000. Janus Henderson Group PLC bought a new position in Lineage in the third quarter worth about $131,875,000. State Street Corp acquired a new position in Lineage in the third quarter valued at approximately $113,483,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Lineage by 80.8% during the fourth quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock valued at $181,484,000 after purchasing an additional 1,384,481 shares during the last quarter.

Insiders Place Their Bets

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's 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 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 the SEC website. 1.40% of the stock is currently owned by company insiders.

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Lineage Price Performance

NASDAQ LINE traded up $0.09 on Thursday, reaching $60.41. The company's stock had a trading volume of 513,126 shares, compared to its average volume of 1,284,523. The firm's 50 day moving average is $58.10 and its two-hundred day moving average is $65.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a twelve month low of $52.75 and a twelve month high of $89.85.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 3.49%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LINE. Mizuho reduced their price objective on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Scotiabank increased their price objective on shares of Lineage from $73.00 to $74.00 and gave the stock a "sector outperform" rating in a report on Monday, March 10th. The Goldman Sachs Group cut their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, BNP Paribas started coverage on shares of Lineage in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 target price for the company. Seven investment 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. Based on data from MarketBeat.com, Lineage currently has a consensus rating of "Moderate Buy" and an average target price of $82.06.

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.