Renaissance Technologies LLC Has $9.56 Million Stock Position in Lineage, Inc. (NASDAQ:LINE)

Renaissance Technologies LLC increased its holdings in Lineage, Inc. (NASDAQ:LINE - Free Report) by 476.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,200 shares of the company's stock after buying an additional 134,900 shares during the period. Renaissance Technologies LLC owned about 0.07% of Lineage worth $9,559,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Lineage during the 4th quarter worth about $681,572,000. Vanguard Group Inc. increased its holdings in Lineage by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company's stock valued at $562,003,000 after purchasing an additional 408,526 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Lineage by 80.8% during the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock valued at $181,484,000 after buying an additional 1,384,481 shares during the period. Victory Capital Management Inc. lifted its position in shares of Lineage by 36.9% during the fourth quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company's stock worth $180,811,000 after purchasing an additional 831,533 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Lineage in the 3rd quarter worth $173,115,000.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LINE shares. Scotiabank reaffirmed a "sector perform" rating and issued a $56.00 target price (down from $74.00) on shares of Lineage in a research report on Thursday, April 10th. Morgan Stanley decreased their target price on Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. BNP Paribas started coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price target for the company. Royal Bank of Canada lowered their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Barclays initiated coverage on shares of Lineage in a research note on Wednesday, April 9th. They set an "overweight" rating and a $59.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $77.63.

Lineage Stock Up 1.9 %

Shares of NASDAQ:LINE traded up $1.02 during mid-day trading on Tuesday, hitting $56.05. The stock had a trading volume of 487,653 shares, compared to its average volume of 1,259,087. The company's 50 day moving average is $56.94 and its 200-day moving average is $61.61. Lineage, Inc. has a 12-month low of $46.63 and a 12-month high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.76%. The ex-dividend date was Monday, March 31st.

Insider Transactions at Lineage

In other news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Lineage Company 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.