Quantbot Technologies LP boosted its holdings in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 1,178.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,654 shares of the company's stock after acquiring an additional 48,535 shares during the period. Quantbot Technologies LP's holdings in Lineage were worth $3,084,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of LINE. Wellington Management Group LLP purchased a new position in Lineage during the third quarter worth $265,895,000. Baillie Gifford & Co. grew its stake in Lineage by 80.8% in the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after acquiring an additional 1,384,481 shares during the period. Victory Capital Management Inc. grew its position in shares of Lineage by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company's stock valued at $180,811,000 after purchasing an additional 831,533 shares during the period. Principal Financial Group Inc. acquired a new stake in Lineage in the 3rd quarter worth about $173,115,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Lineage in the third quarter worth approximately $131,875,000.
Insider Buying and Selling at Lineage
In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the company's stock in a transaction 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 transaction, the chairman now owns 24,317 shares of the company's stock, valued at $1,471,178.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.
Lineage Stock Performance
NASDAQ:LINE traded up $0.21 during midday trading on Thursday, reaching $59.88. 595,348 shares of the company traded hands, compared to its average volume of 1,266,873. Lineage, Inc. has a twelve month low of $52.75 and a twelve month 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 company has a fifty day moving average price of $58.50 and a 200 day moving average price of $65.18.
Lineage Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st.
Analyst Upgrades and Downgrades
LINE has been the topic of several research reports. Piper Sandler cut their target price on Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of 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 target price on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Robert W. Baird reduced their target price on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Finally, Scotiabank boosted their price target on Lineage from $73.00 to $74.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lineage presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.06.
Get Our Latest Research Report on Lineage
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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