UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Lineage, Inc. (NASDAQ:LINE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,837 shares of the company's stock after selling 14,217 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Lineage worth $10,474,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LINE. Woodline Partners LP raised its stake in shares of Lineage by 0.3% during the 4th quarter. Woodline Partners LP now owns 310,899 shares of the company's stock worth $18,209,000 after buying an additional 899 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Lineage by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company's stock worth $526,000 after acquiring an additional 340 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Lineage during the fourth quarter worth $378,000. Needham Investment Management LLC lifted its holdings in Lineage by 84.0% during the fourth quarter. Needham Investment Management LLC now owns 11,500 shares of the company's stock valued at $674,000 after purchasing an additional 5,250 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Lineage during the fourth quarter valued at $5,501,000.

Lineage Trading Up 0.1%

Lineage stock traded up $0.05 during midday trading on Tuesday, hitting $43.07. 405,755 shares of the stock were exchanged, compared to its average volume of 1,234,336. 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 stock's 50-day simple moving average is $50.58 and its 200 day simple moving average is $56.33. Lineage, Inc. has a fifty-two week low of $41.88 and a fifty-two week high of $89.85. The stock has a market capitalization of $9.85 billion and a price-to-earnings ratio of -13.38.

Lineage (NASDAQ:LINE - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business's revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Lineage, Inc. will post 2.34 EPS for the current year.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, March 31st. Lineage's dividend payout ratio is presently -65.53%.

Insider Buying and Selling

In other news, insider Sudarsan V. Thattai bought 4,420 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average price of $45.23 per share, with a total value of $199,916.60. Following the purchase, the insider now owns 4,420 shares in the company, valued at approximately $199,916.60. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Kevin Patrick Marchetti bought 11,500 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $43.75 per share, with a total value of $503,125.00. Following the completion of the acquisition, the chairman now directly owns 27,733 shares in the company, valued at $1,213,318.75. This trade represents a 70.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 26,869 shares of company stock valued at $1,194,980. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LINE shares. Evercore ISI reduced their price target on shares of Lineage from $68.00 to $59.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group cut their price objective on Lineage from $74.00 to $63.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Wells Fargo & Company reduced their target price on Lineage from $64.00 to $48.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Bank of America lowered Lineage from a "buy" rating to a "neutral" rating and set a $49.00 price target on the stock. in a research note on Tuesday, May 6th. Finally, Robert W. Baird dropped their price target on Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Ten 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.