Lineage, Inc. (NASDAQ:LINE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 99.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,926 shares of the company's stock after selling 396,729 shares during the quarter. Russell Investments Group Ltd.'s holdings in Lineage were worth $230,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after buying an additional 448 shares during the period. Stifel Financial Corp purchased a new stake in Lineage during the third quarter worth about $211,000. Franklin Resources Inc. purchased a new position in shares of Lineage in the fourth quarter valued at approximately $208,000. EntryPoint Capital LLC acquired a new position in shares of Lineage in the fourth quarter valued at approximately $289,000. Finally, M&T Bank Corp increased its stake in Lineage by 9.7% during the 4th quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after buying an additional 439 shares during the period.

Lineage Stock Performance

Shares of LINE traded down $0.17 during midday trading on Monday, reaching $55.68. 499,198 shares of the stock were exchanged, compared to its average volume of 1,244,979. Lineage, Inc. has a twelve month low of $46.63 and a twelve 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. The business's 50-day moving average price is $56.95 and its 200 day moving average price is $61.13.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, March 31st.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LINE shares. Barclays assumed coverage on Lineage in a research report on Wednesday, April 9th. They set an "overweight" rating and a $59.00 price objective on the stock. Piper Sandler cut their price target on Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Mizuho reduced their price target on Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price objective on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their target price on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

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.