HighTower Advisors LLC decreased its position in Lineage, Inc. (NASDAQ:LINE – Free Report) by 39.3% in the fourth quarter, HoldingsChannel reports. The firm owned 687,649 shares of the company’s stock after selling 445,994 shares during the period. HighTower Advisors LLC’s holdings in Lineage were worth $24,068,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Sapient Capital LLC lifted its holdings in shares of Lineage by 41.3% in the fourth quarter. Sapient Capital LLC now owns 25,186 shares of the company’s stock valued at $908,000 after purchasing an additional 7,359 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Lineage during the fourth quarter valued at $236,000. Allworth Financial LP lifted its stake in Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Lineage by 3.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 44,311 shares of the company’s stock worth $1,569,000 after acquiring an additional 1,649 shares during the period. Finally, Villere ST Denis J & Co. LLC grew its stake in Lineage by 21.1% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 736,770 shares of the company’s stock valued at $25,787,000 after acquiring an additional 128,313 shares in the last quarter.
Lineage Stock Up 2.1%
Shares of Lineage stock opened at $40.88 on Friday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of -65.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. Lineage, Inc. has a 52-week low of $31.33 and a 52-week high of $46.99. The stock has a 50-day simple moving average of $36.39 and a 200-day simple moving average of $36.40.
Lineage Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, March 31st were given a $0.5325 dividend. This is a positive change from Lineage’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Lineage’s payout ratio is presently -343.55%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on LINE shares. Royal Bank Of Canada increased their price target on shares of Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a research note on Friday, March 27th. Piper Sandler cut their target price on shares of Lineage from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Lineage has an average rating of “Reduce” and an average target price of $43.28.
View Our Latest Research Report on LINE
Insider Activity at Lineage
In other Lineage news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the purchase, the chairman directly owned 113,690 shares in the company, valued at $4,263,375. This trade represents a 13.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 71.90% of the stock is currently owned by company insiders.
About Lineage
Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.
Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.
Further Reading
- Five stocks we like better than Lineage
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding LINE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lineage, Inc. (NASDAQ:LINE – Free Report).
Receive News & Ratings for Lineage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lineage and related companies with MarketBeat.com's FREE daily email newsletter.
