Vontobel Holding Ltd. increased its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 47.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,287 shares of the company's stock after acquiring an additional 6,200 shares during the period. Vontobel Holding Ltd.'s holdings in Lineage were worth $1,130,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in Lineage by 6.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,566 shares of the company's stock valued at $5,284,000 after acquiring an additional 5,429 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Lineage by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,759 shares of the company's stock valued at $689,000 after purchasing an additional 1,089 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Lineage in the fourth quarter valued at approximately $305,000. State of Alaska Department of Revenue increased its stake in shares of Lineage by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock worth $1,740,000 after purchasing an additional 291 shares in the last quarter. Finally, Vanderbilt University increased its stake in shares of Lineage by 65.4% during the 4th quarter. Vanderbilt University now owns 19,632 shares of the company's stock worth $1,150,000 after purchasing an additional 7,765 shares in the last quarter.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. The Goldman Sachs Group lowered their target price on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Royal Bank of Canada decreased their price objective on Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut Lineage from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. Scotiabank reduced their target price on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird lowered their price target on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.88.
Read Our Latest Report on LINE
Lineage Stock Performance
Shares of LINE stock traded down $0.82 on Friday, reaching $53.88. 1,053,518 shares of the stock were exchanged, compared to its average volume of 796,806. Lineage, Inc. has a 1-year low of $52.75 and a 1-year high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $58.11 and a two-hundred day moving average of $69.64.
Lineage Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.5275 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.92%.
About Lineage
(
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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