Nomura Asset Management Co. Ltd. Has $4.71 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,405 shares of the company’s stock after buying an additional 6,575 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Lineage were worth $4,709,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Lineage during the 3rd quarter worth $12,542,000. Principal Financial Group Inc. bought a new stake in shares of Lineage in the third quarter valued at about $173,115,000. Renaissance Capital LLC grew its position in Lineage by 25.6% during the fourth quarter. Renaissance Capital LLC now owns 83,446 shares of the company’s stock worth $4,887,000 after buying an additional 16,990 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Lineage by 10.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company’s stock valued at $35,306,000 after acquiring an additional 57,302 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Lineage in the 3rd quarter valued at approximately $131,875,000.

Lineage Stock Performance

LINE opened at $56.91 on Wednesday. Lineage, Inc. has a 1-year low of $52.75 and a 1-year 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 firm has a 50-day moving average price of $58.51 and a two-hundred day moving average price of $64.39.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Monday, March 31st.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Piper Sandler decreased their price objective on Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. 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, March 6th. Mizuho reduced their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Citigroup started coverage on shares of Lineage in a research note on Friday, March 28th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of Lineage from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lineage currently has a consensus rating of “Moderate Buy” and an average price target of $79.67.

Insiders Place Their Bets

In other Lineage 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 bought at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Lineage Company 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.