EntryPoint Capital LLC Buys New Shares in Lineage, Inc. (NASDAQ:LINE)

EntryPoint Capital LLC purchased a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,938 shares of the company’s stock, valued at approximately $289,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Lineage during the 3rd quarter valued at about $265,895,000. Principal Financial Group Inc. bought a new position in shares of Lineage during the 3rd quarter worth approximately $173,115,000. Janus Henderson Group PLC acquired a new stake in shares of Lineage during the 3rd quarter worth approximately $131,875,000. State Street Corp bought a new stake in shares of Lineage in the 3rd quarter valued at $113,483,000. Finally, Baillie Gifford & Co. lifted its position in shares of 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 acquiring an additional 1,384,481 shares during the period.

Wall Street Analysts Forecast Growth

LINE has been the subject of a number of research reports. Royal Bank of Canada reduced their price target 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. BNP Paribas assumed coverage on Lineage in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 target price for the company. Mizuho cut their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $75.00 in a report on Friday, December 20th. Finally, Robert W. Baird cut their target price on Lineage from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

Insiders Place Their Bets

In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now directly owns 24,317 shares in the company, valued at $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Lineage Stock Up 0.4 %

LINE stock opened at $59.88 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a one year low of $52.75 and a one year high of $89.85. The company’s 50 day moving average price is $58.55 and its two-hundred day moving average price is $65.15.

Lineage Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st.

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.