23,086 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,086 shares of the company's stock, valued at approximately $1,352,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LINE. GAMMA Investing LLC grew its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after buying an additional 448 shares in the last quarter. Larson Financial Group LLC purchased a new position in Lineage during the 3rd quarter valued at about $34,000. Stifel Financial Corp acquired a new position in shares of Lineage in the 3rd quarter valued at about $211,000. MetLife Investment Management LLC purchased a new stake in shares of Lineage in the third quarter worth approximately $226,000. Finally, M&T Bank Corp boosted its holdings in shares of Lineage by 9.7% during the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after purchasing an additional 439 shares during the period.

Insider Transactions at Lineage

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's stock in a transaction dated 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 completion of the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.

Remove Ads

Lineage Stock Up 0.4 %

Shares of NASDAQ:LINE traded up $0.21 during midday trading on Thursday, hitting $59.88. The company's stock had a trading volume of 595,348 shares, compared to its average volume of 1,266,873. 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's 50 day simple moving average is $58.55 and its 200 day simple moving average is $65.15. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage Dividend Announcement

The firm also recently declared 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 is Monday, March 31st.

Analyst Ratings Changes

Several research analysts have weighed in on LINE shares. Royal Bank of Canada dropped their price objective on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Scotiabank upped their price target on shares of Lineage from $73.00 to $74.00 and gave the stock a "sector outperform" rating in a research note on Monday, March 10th. Robert W. Baird reduced 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. The Goldman Sachs Group dropped their target price on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered Lineage from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.06.

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.