Teachers Retirement System of The State of Kentucky Has $5.18 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Teachers Retirement System of The State of Kentucky trimmed its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,459 shares of the company's stock after selling 11,117 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lineage were worth $5,181,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LINE. Norges Bank acquired a new position in shares of Lineage in the 4th quarter valued at $681,572,000. Vanguard Group Inc. raised its position in Lineage by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company's stock worth $562,003,000 after purchasing an additional 408,526 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Lineage by 80.8% during the fourth quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock valued at $181,484,000 after purchasing an additional 1,384,481 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Lineage by 36.9% in the 4th 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. Finally, Capital World Investors raised its holdings in shares of Lineage by 22.5% in the 4th quarter. Capital World Investors now owns 3,064,842 shares of the company's stock worth $179,508,000 after buying an additional 563,078 shares in the last quarter.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Lineage Trading Up 1.9 %

NASDAQ LINE opened at $56.05 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 12 month low of $46.63 and a 12 month high of $89.85. The stock has a 50-day simple moving average of $56.94 and a 200 day simple moving average of $61.61.

Lineage Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LINE. Morgan Stanley dropped their price objective on Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada reduced their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Piper Sandler dropped their price target on Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Finally, Mizuho reduced their price objective on Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.63.

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.

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