Darlington Partners Capital Management LP Makes New Investment in Lineage, Inc. (NASDAQ:LINE)

Darlington Partners Capital Management LP acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,545,000 shares of the company's stock, valued at approximately $90,491,000. Lineage makes up 3.4% of Darlington Partners Capital Management LP's holdings, making the stock its 10th biggest holding. Darlington Partners Capital Management LP owned about 0.68% of Lineage at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LINE. Janney Montgomery Scott LLC increased its position in Lineage by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company's stock worth $595,000 after buying an additional 185 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Lineage by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock worth $1,740,000 after buying an additional 291 shares during the period. M&T Bank Corp increased its position in Lineage by 9.7% in the 4th quarter. M&T Bank Corp now owns 4,987 shares of the company's stock valued at $292,000 after acquiring an additional 439 shares during the period. GAMMA Investing LLC increased its stake in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after acquiring an additional 448 shares during the period. Finally, EPIQ Capital Group LLC lifted its position in shares of Lineage by 10.9% during the 4th quarter. EPIQ Capital Group LLC now owns 5,100 shares of the company's stock valued at $301,000 after acquiring an additional 500 shares during the period.

Insiders Place Their Bets

In other Lineage news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of Lineage stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $60.50 per share, with a total value 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. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sudarsan V. Thattai bought 4,420 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average price of $45.23 per share, for a total transaction of $199,916.60. Following the acquisition, the insider now directly owns 4,420 shares in the company, valued at approximately $199,916.60. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 51,186 shares of company stock worth $2,666,159. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LINE has been the topic of several recent research reports. Evercore ISI reduced their price objective on Lineage from $68.00 to $59.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada decreased their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Morgan Stanley cut their price objective on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st. UBS Group lowered their target price on shares of Lineage from $62.00 to $49.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group reduced their price target on Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lineage currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.79.

Lineage Stock Down 1.3%

LINE traded down $0.60 on Tuesday, reaching $46.95. The company's stock had a trading volume of 368,527 shares, compared to its average volume of 1,263,079. 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 1 year low of $42.05 and a 1 year high of $89.85. The business's 50 day moving average is $54.77 and its 200 day moving average is $58.87. The stock has a market cap of $10.73 billion and a price-to-earnings ratio of -14.58.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage's quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that Lineage, Inc. will post 2.34 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, March 31st were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Monday, March 31st. Lineage's dividend payout ratio is presently -65.53%.

Lineage 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.