JPMorgan Chase & Co. Has $24.99 Million Position in Lineage, Inc. (NASDAQ:LINE)

JPMorgan Chase & Co. lifted its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 166.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 426,647 shares of the company's stock after acquiring an additional 266,626 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Lineage worth $24,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LINE. GAMMA Investing LLC boosted 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 purchasing an additional 448 shares in the last quarter. Stifel Financial Corp acquired a new stake in Lineage in the third quarter valued at approximately $211,000. EntryPoint Capital LLC bought a new stake in shares of Lineage during the fourth quarter worth $289,000. M&T Bank Corp grew its stake in shares of Lineage by 9.7% during the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after buying an additional 439 shares during the last quarter. Finally, EPIQ Capital Group LLC increased its holdings in shares of Lineage by 10.9% during the fourth quarter. EPIQ Capital Group LLC now owns 5,100 shares of the company's stock worth $301,000 after buying an additional 500 shares in the last quarter.

Lineage Stock Down 0.8 %

Shares of Lineage stock traded down $0.45 on Tuesday, hitting $53.87. 25,819 shares of the company's stock traded hands, compared to its average volume of 1,274,800. The company has a fifty day moving average of $57.18 and a two-hundred day moving average of $62.41. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a one year low of $46.63 and a one year high of $89.85.

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Lineage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, March 31st.

Insider Transactions at Lineage

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's stock in a transaction dated 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 transaction, the chairman now directly owns 24,317 shares of the company's stock, valued at $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

LINE has been the topic of several recent research reports. JPMorgan Chase & Co. downgraded Lineage from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $78.00 to $75.00 in a report on Friday, December 20th. Scotiabank restated a "sector perform" rating and set a $56.00 price target (down from $74.00) on shares of Lineage in a report on Thursday, April 10th. Barclays began coverage on shares of Lineage in a report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective for the company. Piper Sandler cut their target price on shares of Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. 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. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

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.