Lineage, Inc. (NASDAQ:LINE) is D1 Capital Partners L.P.'s 9th Largest Position

D1 Capital Partners L.P. increased its stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 257.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,753,598 shares of the company's stock after buying an additional 2,703,598 shares during the period. Lineage accounts for about 3.7% of D1 Capital Partners L.P.'s portfolio, making the stock its 9th largest holding. D1 Capital Partners L.P. owned 1.64% of Lineage worth $219,848,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares in the last quarter. FIL Ltd acquired a new stake in Lineage in the 4th quarter worth about $29,000. Stifel Financial Corp acquired a new stake in Lineage in the 3rd quarter worth about $211,000. Franklin Resources Inc. acquired a new stake in Lineage in the 4th quarter worth about $208,000. Finally, Sterling Capital Management LLC raised its stake in Lineage by 61.8% in the 4th quarter. Sterling Capital Management LLC now owns 3,703 shares of the company's stock worth $217,000 after purchasing an additional 1,415 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LINE. Barclays began coverage on shares of Lineage in a research note on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price objective for the company. Mizuho dropped their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird dropped their target price on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their target price on shares of Lineage from $89.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

Lineage Price Performance

Shares of LINE traded up $0.46 during trading hours on Tuesday, hitting $56.14. 352,403 shares of the stock were exchanged, compared to its average volume of 1,240,486. Lineage, Inc. has a fifty-two week low of $46.63 and a fifty-two week high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $56.97 and a 200-day moving average of $61.00.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Monday, March 31st.

Insider Buying and Selling at Lineage

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the acquisition, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.

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.