1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in Lineage, Inc. (NASDAQ:LINE – Free Report) by 166.
6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 426,647 shares of the company’s stock after acquiring an additional 266,626 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.19% of Lineage worth $24,989,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds also recently bought and sold shares of the company.
Artisan Partners Limited Partnership grew its holdings in Lineage by 3.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 92,644 shares of the company’s stock valued at $5,426,000 after buying an additional 3,496 shares during the last quarter.
Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Lineage by 4.
1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd.
now owns 39,819 shares of the company’s stock valued at $2,349,000 after acquiring an additional 1,559 shares in the last quarter. EntryPoint Capital LLC bought a new position in Lineage in the fourth quarter valued at about $289,000. Vanguard Group Inc.
grew its position in shares of Lineage by 4.4% during the 4th quarter. Vanguard Group Inc.
now owns 9,595,402 shares of the company’s stock worth $562,003,000 after buying an additional 408,526 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of Lineage in the 4th quarter valued at $1,352,000. Insider Transactions at LineageIn other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of Lineage stock in a transaction 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 acquisition, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock.
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.
Lineage Stock PerformanceLINE stock opened at $54.72 on Thursday. The firm’s fifty day moving average is $57.
49 and its 200 day moving average is $63.06. Lineage, Inc.
has a 52 week low of $46.63 and a 52 week 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 DividendThe firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.
5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.
86%. The ex-dividend date of this dividend is Monday, March 31st. Analyst Ratings ChangesLINE has been the subject of a number of analyst reports.
Royal Bank of Canada decreased their price objective on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, March 6th.
Robert W. Baird lowered their target price on Lineage from $76.00 to $70.
00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Citigroup initiated coverage on shares of Lineage in a research note on Friday, March 28th. They issued a “neutral” rating and a $64.
00 target price for the company. Barclays initiated coverage on shares of Lineage in a research note on Wednesday. They set an “overweight” rating and a $59.
00 target price for the company. Finally, Mizuho dropped their target price on Lineage from $86.00 to $67.
00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating, eleven 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 $78.58.Check Out Our Latest Report on LINEAbout Lineage (Free Report)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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