5,200 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,200 shares of the company's stock, valued at approximately $305,000.

Several other large investors have also recently bought and sold shares of LINE. Wellington Management Group LLP acquired a new stake in shares of Lineage in the 3rd quarter worth approximately $265,895,000. Victory Capital Management Inc. acquired a new stake in Lineage in the third quarter valued at $176,790,000. Principal Financial Group Inc. acquired a new stake in Lineage in the third quarter valued at $173,115,000. Baillie Gifford & Co. purchased a new position in shares of Lineage in the third quarter valued at $134,351,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Lineage during the 3rd quarter worth $131,875,000.

Lineage Price Performance

NASDAQ:LINE traded up $0.15 during trading hours on Monday, reaching $56.37. 780,550 shares of the company were exchanged, compared to its average volume of 687,439. The stock has a 50 day simple moving average of $58.56 and a 200 day simple moving average of $70.06. Lineage, Inc. has a 52-week low of $52.75 and a 52-week high of $89.85. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, December 31st.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI lowered their price objective on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price objective 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. Mizuho cut 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. JPMorgan Chase & Co. cut Lineage from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $78.00 to $75.00 in a report on Friday, December 20th. Finally, Scotiabank cut their price target on Lineage from $76.00 to $73.00 and set a "sector outperform" rating for the company in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lineage currently has an average rating of "Moderate Buy" and a consensus target price of $84.88.

About Lineage

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.