Janus Henderson Group PLC Has $189.38 Million Stock Position in Lineage, Inc. (NASDAQ:LINE)

Janus Henderson Group PLC increased its stake in Lineage, Inc. (NASDAQ:LINE - Free Report) by 92.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,233,219 shares of the company's stock after purchasing an additional 1,550,478 shares during the period. Janus Henderson Group PLC owned 1.42% of Lineage worth $189,380,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Lineage in the 3rd quarter worth approximately $12,542,000. Renaissance Capital LLC raised its position in Lineage by 25.6% in the 4th quarter. Renaissance Capital LLC now owns 83,446 shares of the company's stock worth $4,887,000 after purchasing an additional 16,990 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in Lineage by 10.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 602,803 shares of the company's stock worth $35,306,000 after purchasing an additional 57,302 shares during the last quarter. GAMMA Investing LLC raised its position in Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock worth $27,000 after purchasing an additional 448 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Lineage by 130.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,070,915 shares of the company's stock worth $62,723,000 after purchasing an additional 605,670 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LINE. Scotiabank dropped their price objective on shares of Lineage from $56.00 to $50.00 and set a "sector perform" rating for the company in a research report on Thursday. Robert W. Baird dropped their target price on shares of Lineage from $70.00 to $64.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Citigroup began coverage on shares of Lineage in a research report on Friday, March 28th. They set a "neutral" rating and a $64.00 target price for the company. Barclays began coverage on shares of Lineage in a research report on Wednesday, April 9th. They set an "overweight" rating and a $59.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Lineage from $74.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lineage currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

Lineage Trading Up 0.7%

Shares of LINE traded up $0.33 during trading hours on Friday, reaching $47.63. The stock had a trading volume of 1,098,253 shares, compared to its average volume of 1,259,933. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 52 week low of $42.05 and a 52 week high of $89.85. The firm has a 50-day moving average of $53.69 and a 200 day moving average of $58.18. The company has a market cap of $10.89 billion and a P/E ratio of -14.79.

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 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 during the quarter, compared to analysts' expectations of $1.34 billion. The company's quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts expect that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Monday, March 31st. Lineage's payout ratio is presently -65.53%.

Insider Buying and Selling

In related news, Chairman Kevin Patrick Marchetti bought 11,500 shares of Lineage stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $43.75 per share, with a total value of $503,125.00. Following the purchase, the chairman now owns 27,733 shares in the company, valued at approximately $1,213,318.75. This trade 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 can be accessed through this link. Also, insider Sudarsan V. Thattai bought 4,420 shares of Lineage stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of $45.23 per share, with a total value of $199,916.60. Following the completion of the purchase, the insider now owns 4,420 shares in the company, valued at approximately $199,916.60. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 51,186 shares of company stock valued at $2,666,159. Company insiders own 1.40% of the company's stock.

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.