1 week Ago By Defense World Staff
Barclays began coverage on shares of Lineage (NASDAQ:LINE – Free Report) in a report published on Wednesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $59.
00 target price on the stock.Several other analysts have also recently issued reports on the stock. Scotiabank upped their price objective on shares of Lineage from $73.
00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. Mizuho cut their price target on Lineage from $86.
00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Piper Sandler lowered their price objective on Lineage from $90.
00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada reduced their price target on Lineage from $81.
00 to $74.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their price objective on shares of Lineage from $80.
00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, April 1st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.63.
Get Our Latest Analysis on LineageLineage Stock PerformanceShares of LINE stock opened at $53.70 on Wednesday. Lineage has a fifty-two week low of $46.
63 and a fifty-two week high of $89.85. The stock’s fifty day moving average is $57.
27 and its two-hundred day moving average is $62.69. The company has a debt-to-equity ratio of 0.
62, a quick ratio of 0.95 and a current ratio of 1.07.
Lineage Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.5275 dividend.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.
93%. Insider Activity at LineageIn other Lineage news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the 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 purchase, the chairman now owns 24,317 shares in the company, valued at $1,471,178.
50. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Company insiders own 1.40% of the company’s stock. Institutional Investors Weigh In On LineageA number of hedge funds have recently added to or reduced their stakes in LINE.
Norges Bank acquired a new position in shares of Lineage in the fourth quarter worth $681,572,000. D1 Capital Partners L.P.
grew its stake in Lineage by 257.5% during the 4th quarter. D1 Capital Partners L.
P. now owns 3,753,598 shares of the company’s stock worth $219,848,000 after purchasing an additional 2,703,598 shares in the last quarter. Principal Financial Group Inc.
purchased a new stake in Lineage during the 3rd quarter worth about $173,115,000. Janus Henderson Group PLC increased its holdings in Lineage by 92.1% during the 4th quarter.
Janus Henderson Group PLC now owns 3,233,219 shares of the company’s stock worth $189,380,000 after purchasing an additional 1,550,478 shares during the period. Finally, Darlington Partners Capital Management LP acquired a new stake in Lineage in the 4th quarter valued at about $90,491,000. About Lineage (Get 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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