Nomura Holdings Inc. Makes New $378,000 Investment in Lineage, Inc. (NASDAQ:LINE)

Nomura Holdings Inc. bought a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,450 shares of the company's stock, valued at approximately $378,000.

Several other institutional investors have also recently bought and sold shares of the company. 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 last quarter. State of Alaska Department of Revenue boosted its stake in shares of Lineage by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock valued at $1,740,000 after purchasing an additional 291 shares in the last quarter. M&T Bank Corp grew its stake in shares of Lineage by 9.7% during the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after buying an additional 439 shares during the last quarter. EPIQ Capital Group LLC grew its position in Lineage by 10.9% during the 4th quarter. EPIQ Capital Group LLC now owns 5,100 shares of the company's stock worth $301,000 after acquiring an additional 500 shares during the last quarter. Finally, FIL Ltd acquired a new position in Lineage in the 4th quarter worth about $29,000.

Lineage Stock Performance

Shares of LINE stock traded down $0.51 during trading on Wednesday, reaching $44.69. 83,620 shares of the company's stock traded hands, compared to its average volume of 1,240,789. The firm's 50-day moving average is $51.86 and its 200 day moving average is $56.98. The company has a market capitalization of $10.22 billion and a P/E ratio of -13.88. Lineage, Inc. has a 1 year low of $42.05 and a 1 year 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.

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

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, March 31st. Lineage's payout ratio is -65.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on Lineage from $64.00 to $48.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Robert W. Baird lowered their target price on Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Piper Sandler lowered their target price on Lineage from $75.00 to $60.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Barclays started coverage on Lineage in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price target for the company. Finally, Bank of America lowered shares of Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price objective for the company. in a research note on Tuesday, May 6th. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $67.58.

Insider Activity at Lineage

In other Lineage news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the company's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the transaction, the chairman now owns 24,317 shares in the company, valued at $1,471,178.50. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Kevin Patrick Marchetti acquired 11,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $43.75 per share, with a total value of $503,125.00. Following the acquisition, the chairman now directly owns 27,733 shares of the company's stock, valued at $1,213,318.75. This represents a 70.84% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 51,186 shares of company stock valued at $2,666,159. Corporate insiders own 1.40% of the company's stock.

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.