2,208,682 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in Lineage, Inc. (NASDAQ:LINE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,208,682 shares of the company's stock, valued at approximately $173,115,000. Principal Financial Group Inc. owned approximately 0.97% of Lineage at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LINE. US Bancorp DE acquired a new position in Lineage in the 3rd quarter valued at $25,000. Spirit of America Management Corp NY bought a new position in shares of Lineage in the third quarter worth $165,000. Amalgamated Bank bought a new position in shares of Lineage during the 3rd quarter valued at about $255,000. Perpetual Ltd bought a new position in shares of Lineage during the third quarter valued at approximately $324,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Lineage during the third quarter valued at approximately $380,000.

Lineage Trading Down 1.4 %

Lineage stock traded down $0.94 during mid-day trading on Friday, hitting $67.14. 803,367 shares of the company's stock traded hands, compared to its average volume of 1,433,766. The company has a 50 day moving average of $78.01. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. Lineage, Inc. has a fifty-two week low of $66.94 and a fifty-two week high of $89.85.

Lineage Announces Dividend

The company also recently announced a -- dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

Analysts Set New Price Targets

A number of research firms recently commented on LINE. Mizuho assumed coverage on Lineage in a research report on Monday, August 19th. They set a "neutral" rating and a $86.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of Lineage from $105.00 to $104.00 and set a "buy" rating for the company in a research note on Friday, September 13th. Piper Sandler assumed coverage on Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $102.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Lineage in a report on Monday, August 19th. They set a "hold" rating and a $90.00 price objective on the stock. Finally, UBS Group began coverage on shares of Lineage in a research report on Monday, August 19th. They set a "neutral" rating and a $88.00 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $92.50.

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.