Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.18 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 86.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,076 shares of the company's stock after purchasing an additional 9,298 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Lineage were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Lineage during the 3rd quarter valued at about $34,000. GAMMA Investing LLC boosted its position in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after buying an additional 448 shares during the period. Stifel Financial Corp bought a new position in Lineage in the 3rd quarter worth approximately $211,000. MetLife Investment Management LLC acquired a new stake in Lineage in the 3rd quarter valued at approximately $226,000. Finally, Quantbot Technologies LP acquired a new stake in Lineage in the 3rd quarter valued at approximately $323,000.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the 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 purchase, the chairman now directly owns 24,317 shares in the company, valued at $1,471,178.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LINE. Citigroup began coverage on Lineage in a research note on Friday. They issued a "neutral" rating and a $64.00 price target for the company. Robert W. Baird decreased their target price on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Mizuho dropped their price target on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. 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. Finally, Scotiabank raised their price objective on shares of Lineage from $73.00 to $74.00 and gave the company a "sector outperform" rating in a research note on Monday, March 10th. Eight investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.06.

Lineage Stock Performance

NASDAQ LINE traded down $0.90 on Friday, hitting $58.98. 1,046,016 shares of the company were exchanged, compared to its average volume of 1,276,907. 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. The company's 50 day moving average price is $58.57 and its 200-day moving average price is $64.74.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.5275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a dividend yield of 3.58%.

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.