17,827 Shares in Lineage, Inc. (NASDAQ:LINE) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,827 shares of the company's stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FIL Ltd acquired a new stake in shares of Lineage in the 4th quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Lineage in the 4th quarter valued at $50,000. Parallel Advisors LLC acquired a new stake in Lineage during the 1st quarter worth $151,000. Stifel Financial Corp raised its stake in Lineage by 30.5% during the 4th quarter. Stifel Financial Corp now owns 3,509 shares of the company's stock worth $206,000 after buying an additional 821 shares during the period. Finally, Franklin Resources Inc. bought a new position in Lineage during the fourth quarter worth about $208,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays began coverage on Lineage in a report on Wednesday, April 9th. They issued an "overweight" rating and a $59.00 price target for the company. BNP Paribas Exane downgraded shares of Lineage from a "neutral" rating to an "underperform" rating and set a $42.00 target price on the stock. in a report on Thursday. UBS Group reduced their price target on shares of Lineage from $62.00 to $49.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Citigroup lowered their price objective on shares of Lineage from $64.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Royal Bank of Canada cut their price target on Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $65.55.

Lineage Stock Performance

NASDAQ:LINE traded down $1.79 on Friday, hitting $43.65. The company's stock had a trading volume of 807,663 shares, compared to its average volume of 1,223,456. Lineage, Inc. has a one year low of $41.88 and a one year high of $89.85. The stock has a fifty day moving average of $48.63 and a two-hundred day moving average of $55.37. 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 firm has a market capitalization of $9.98 billion and a P/E ratio of -13.56.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm's quarterly revenue was down 2.7% on a year-over-year basis. Research analysts predict that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Monday, March 31st. Lineage's dividend payout ratio is -65.53%.

Insider Buying and Selling

In related news, Chairman Adam Matthew Schwartz Forste acquired 10,949 shares of the company's stock in a transaction on Thursday, May 8th. The stock was 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. The trade was a 45.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sudarsan V. Thattai bought 4,420 shares of Lineage stock in a transaction dated Monday, May 5th. The shares were bought at an average cost of $45.23 per share, for a total transaction of $199,916.60. Following the completion of the acquisition, the insider now owns 4,420 shares in the company, valued at $199,916.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 26,869 shares of company stock valued at $1,194,980. 71.90% of the stock is owned by company insiders.

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.