Artisan Partners Limited Partnership Purchases 3,496 Shares of Lineage, Inc. (NASDAQ:LINE)

Artisan Partners Limited Partnership grew its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,644 shares of the company’s stock after buying an additional 3,496 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Lineage were worth $5,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LINE. Wellington Management Group LLP purchased a new stake in Lineage in the 3rd quarter valued at about $265,895,000. Principal Financial Group Inc. purchased a new stake in shares of Lineage in the third quarter valued at approximately $173,115,000. Janus Henderson Group PLC bought a new position in Lineage in the third quarter worth approximately $131,875,000. State Street Corp purchased a new position in Lineage during the 3rd quarter worth $113,483,000. Finally, Baillie Gifford & Co. raised its position in Lineage by 80.8% during the 4th 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler cut their price target on Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered shares of 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. Robert W. Baird dropped their price objective on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group reduced their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Mizuho dropped their target price on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eight 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 company. According to MarketBeat.com, Lineage currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.06.

Insider Activity

In other Lineage news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Lineage Trading Down 1.5 %

NASDAQ LINE opened at $58.98 on Friday. Lineage, Inc. has a 12-month low of $52.75 and a 12-month high of $89.85. The company has a fifty day simple moving average of $58.57 and a two-hundred day simple moving average of $64.86. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 annualized dividend and a yield of 3.58%.

About Lineage

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.