Deutsche Bank AG Has $2.13 Million Stake in Lineage, Inc. (NASDAQ:LINE)

Deutsche Bank AG trimmed its position in Lineage, Inc. (NASDAQ:LINE - Free Report) by 92.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,297 shares of the company's stock after selling 422,078 shares during the period. Deutsche Bank AG's holdings in Lineage were worth $2,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. FIL Ltd bought a new stake in Lineage in the 4th quarter valued at approximately $29,000. Quarry LP bought a new position in shares of Lineage during the 4th quarter worth approximately $50,000. Stifel Financial Corp raised its holdings in shares of Lineage by 30.5% in the fourth quarter. Stifel Financial Corp now owns 3,509 shares of the company's stock valued at $206,000 after purchasing an additional 821 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Lineage in the fourth quarter worth $208,000. Finally, Sterling Capital Management LLC boosted its holdings in Lineage by 61.8% during the fourth 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 during the last quarter.

Lineage Stock Up 0.4%

LINE opened at $45.64 on Friday. The stock's fifty day simple moving average is $52.77 and its 200 day simple moving average is $57.56. Lineage, Inc. has a 1-year low of $42.05 and a 1-year high of $89.85. The stock has a market cap of $10.43 billion and a PE ratio of -14.17. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

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

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a $0.5275 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a yield of 4.62%. Lineage's dividend payout ratio (DPR) is currently -65.53%.

Insider Buying and Selling at Lineage

In other news, Chairman Kevin Patrick Marchetti acquired 11,500 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $43.75 per share, for a total transaction of $503,125.00. Following the transaction, the chairman now directly owns 27,733 shares of the company's stock, valued at approximately $1,213,318.75. This represents a 70.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Adam Matthew Schwartz Forste bought 10,949 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $44.93 per share, with a total value of $491,938.57. Following the acquisition, the chairman now directly owns 35,266 shares of the company's stock, valued at approximately $1,584,501.38. This represents a 45.03% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,186 shares of company stock valued at $2,666,159 in the last three months. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Lineage from $64.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their price objective on Lineage from $74.00 to $63.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Robert W. Baird lowered their target price on Lineage from $70.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reduced their price target on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Citigroup initiated coverage on Lineage in a research note on Friday, March 28th. They issued a "neutral" rating and a $64.00 price target for the company. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lineage presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.58.

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.

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