Victory Capital Management Inc. Has $180.81 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Victory Capital Management Inc. raised its stake in Lineage, Inc. (NASDAQ:LINE - Free Report) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,087,088 shares of the company's stock after acquiring an additional 831,533 shares during the quarter. Victory Capital Management Inc. owned about 1.35% of Lineage worth $180,811,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE bought a new position in Lineage in the 3rd quarter valued at about $25,000. Larson Financial Group LLC bought a new position in Lineage in the 3rd quarter valued at about $34,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 448 shares during the period. Stifel Financial Corp bought a new position in Lineage in the 3rd quarter valued at about $211,000. Finally, MetLife Investment Management LLC bought a new position in Lineage in the 3rd quarter valued at about $226,000.

Wall Street Analyst Weigh In

LINE has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday. Robert W. Baird lowered their target price on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Piper Sandler lowered their target price on shares of Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Scotiabank lowered their target price on shares of Lineage from $76.00 to $73.00 and set a "sector outperform" rating on the stock in a report on Monday, February 3rd. Finally, Mizuho lowered their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Seven 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 stock. According to MarketBeat, Lineage has a consensus rating of "Moderate Buy" and an average target price of $82.00.

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Lineage Trading Up 0.4 %

Lineage stock traded up $0.26 during mid-day trading on Friday, reaching $61.26. The company had a trading volume of 1,205,781 shares, compared to its average volume of 989,181. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The business has a fifty day simple moving average of $57.91 and a 200 day simple moving average of $67.75.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were given a $0.5275 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a yield of 3.44%.

Insider Buying and Selling at Lineage

In related news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the transaction, the chairman now directly owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.40% of the company's stock.

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.