Vontobel Holding Ltd. Makes New Investment in Lineage, Inc. (NASDAQ:LINE)

Vontobel Holding Ltd. acquired a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 13,087 shares of the company's stock, valued at approximately $1,026,000.

Other hedge funds have also recently bought and sold shares of the company. Perpetual Ltd acquired a new stake in Lineage during the 3rd quarter worth $324,000. SG Americas Securities LLC acquired a new stake in shares of Lineage in the 3rd quarter valued at about $658,000. Finally, Renaissance Capital LLC acquired a new stake in shares of Lineage in the 3rd quarter valued at about $5,209,000. 3.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lineage news, insider Jeffrey Alvarez Rivera bought 600 shares of the firm'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 $46,800.00. Following the completion of the purchase, the insider now directly owns 5,406 shares of the company's stock, valued at approximately $421,668. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Robert Crisci purchased 10,000 shares of the business's stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $780,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Alvarez Rivera bought 600 shares of the company's stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the acquisition, the insider now directly owns 5,406 shares of the company's stock, valued at approximately $421,668. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 12,150 shares of company stock valued at $947,700 over the last 90 days. Company insiders own 1.40% of the company's stock.

Lineage Price Performance

NASDAQ LINE traded down $0.55 during mid-day trading on Monday, reaching $77.00. 473,721 shares of the stock were exchanged, compared to its average volume of 1,557,746. The stock has a market cap of $18.76 billion and a PE ratio of -5.63. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10. Lineage, Inc. has a one year low of $73.16 and a one year high of $89.85. The company has a 50 day moving average of $80.81.

Lineage Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LINE. KeyCorp began coverage on Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $92.00 price target on the stock. The Goldman Sachs Group reduced their price target on Lineage from $105.00 to $104.00 and set a "buy" rating for the company in a report on Friday, September 13th. Evercore ISI reduced their price objective on Lineage from $90.00 to $88.00 and set an "in-line" rating for the company in a report on Monday, October 7th. UBS Group began coverage on shares of Lineage in a research report on Monday, August 19th. They issued a "neutral" rating and a $88.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lineage in a research report on Monday, August 19th. They issued a "hold" rating and a $90.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $93.50.

Lineage 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.