Baillie Gifford & Co. Sells 167,958 Shares of Lineage, Inc. $LINE

Baillie Gifford & Co. lowered its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,786,283 shares of the company's stock after selling 167,958 shares during the quarter. Baillie Gifford & Co. owned about 1.22% of Lineage worth $97,520,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Darlington Partners Capital Management LP increased its holdings in shares of Lineage by 45.5% in the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company's stock worth $198,332,000 after purchasing an additional 1,605,810 shares during the period. Capital Research Global Investors increased its holdings in shares of Lineage by 4.0% in the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company's stock worth $121,830,000 after purchasing an additional 120,616 shares during the period. State Street Corp increased its holdings in shares of Lineage by 8.9% in the second quarter. State Street Corp now owns 1,780,270 shares of the company's stock worth $78,402,000 after purchasing an additional 145,742 shares during the period. UBS Group AG increased its stake in Lineage by 107.2% in the third quarter. UBS Group AG now owns 1,358,780 shares of the company's stock valued at $52,503,000 after acquiring an additional 703,142 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Lineage in the third quarter valued at $43,804,000.

Lineage Stock Performance

NASDAQ LINE opened at $35.51 on Tuesday. The company has a 50-day simple moving average of $36.87 and a two-hundred day simple moving average of $36.78. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage, Inc. has a 12-month low of $31.33 and a 12-month high of $58.86. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of -82.58 and a beta of 0.10.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. On average, equities analysts forecast that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.5325 per share. This is an increase from Lineage's previous quarterly dividend of $0.53. This represents a $2.13 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Tuesday, March 31st. Lineage's dividend payout ratio (DPR) is currently -495.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LINE shares. Weiss Ratings reissued a "sell (d)" rating on shares of Lineage in a research note on Friday, March 27th. Compass Point started coverage on Lineage in a research note on Wednesday, March 18th. They issued a "buy" rating and a $47.00 target price on the stock. Royal Bank Of Canada increased their target price on Lineage from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. UBS Group reduced their target price on Lineage from $41.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Finally, Wells Fargo & Company upped their price target on shares of Lineage from $32.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Lineage has a consensus rating of "Hold" and an average price target of $43.28.

Insider Buying and Selling at Lineage

In other news, Chairman Kevin Patrick Marchetti bought 13,300 shares of the company's stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. This trade represents a 13.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 71.90% of the company's stock.

Lineage Profile

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.

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