SG Americas Securities LLC Acquires Shares of 8,395 Lineage, Inc. (NASDAQ:LINE)

SG Americas Securities LLC acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,395 shares of the company's stock, valued at approximately $658,000.

Lineage Trading Up 1.2 %

Shares of LINE stock traded up $0.90 during trading hours on Monday, reaching $76.17. 594,730 shares of the company's stock were exchanged, compared to its average volume of 1,648,504. The stock has a market cap of $18.55 billion and a PE ratio of -5.57. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10. The firm has a fifty day moving average price of $81.81. Lineage, Inc. has a 1 year low of $73.16 and a 1 year high of $89.85.

Lineage Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, September 30th. Lineage's payout ratio is -11.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Lineage from $95.00 to $94.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 26th. Bank of America assumed coverage on Lineage in a report on Monday, August 19th. They set a "buy" rating and a $100.00 price objective on the stock. KeyCorp began coverage on Lineage in a research report on Monday, August 19th. They set an "overweight" rating and a $92.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Lineage in a research report on Monday, August 19th. They set a "hold" rating and a $90.00 price target on the stock. Finally, Robert W. Baird assumed coverage on Lineage in a report on Monday, August 19th. They issued an "outperform" rating and a $91.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.50.

Insider Activity

In other Lineage news, CFO Robert Crisci bought 10,000 shares of Lineage stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $78.00 per share, with a total value of $780,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $780,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Nancy Joy Falotico acquired 1,300 shares of the business's stock in a transaction on Friday, July 26th. The stock was bought at an average price of $78.00 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director now owns 2,452 shares of the company's stock, valued at approximately $191,256. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert Crisci purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $78.00 per share, with a total value of $780,000.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $780,000. The disclosure for this purchase can be found here. Insiders have acquired 12,150 shares of company stock valued at $947,700 in the last ninety days. Insiders own 1.40% of the company's stock.

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.