New York State Common Retirement Fund Acquires 12,000 Shares of Lineage, Inc. (NASDAQ:LINE)

New York State Common Retirement Fund grew its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,600 shares of the company's stock after buying an additional 12,000 shares during the period. New York State Common Retirement Fund's holdings in Lineage were worth $1,909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. US Bancorp DE bought a new stake in Lineage during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC purchased a new stake in shares of Lineage in the third quarter worth $34,000. GAMMA Investing LLC raised its position in shares of Lineage by 7,466.7% during 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 during the period. Stifel Financial Corp purchased a new position in shares of Lineage during the 3rd quarter valued at $211,000. Finally, MetLife Investment Management LLC bought a new position in Lineage in the 3rd quarter worth $226,000.

Analyst Ratings Changes

A number of equities research analysts have commented on LINE shares. Mizuho decreased their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Evercore ISI dropped their price target on Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a research note on Thursday, November 7th. BNP Paribas assumed coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price objective on the stock. Finally, Royal Bank of Canada dropped their target price on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.00.

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Insider Activity at Lineage

In other news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the acquisition, the chairman now owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.

Lineage Stock Down 1.3 %

NASDAQ LINE traded down $0.79 during trading hours on Thursday, hitting $60.93. 233,232 shares of the company were exchanged, compared to its average volume of 966,250. Lineage, Inc. has a 52 week low of $52.75 and a 52 week 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 stock has a 50-day moving average price of $57.80 and a 200 day moving average price of $67.84.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday, December 31st.

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.