Rockefeller Capital Management L.P. Buys Shares of 10,919 Lineage, Inc. (NASDAQ:LINE)

Rockefeller Capital Management L.P. acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,919 shares of the company's stock, valued at approximately $640,000.

A number of other institutional investors also recently added to or reduced their stakes in LINE. GAMMA Investing LLC grew its holdings in shares of Lineage by 7,466.7% during the fourth 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. FIL Ltd acquired a new stake in shares of Lineage in the fourth quarter valued at $29,000. Franklin Resources Inc. acquired a new stake in shares of Lineage in the fourth quarter valued at $208,000. Stifel Financial Corp acquired a new stake in shares of Lineage in the third quarter valued at $211,000. Finally, Sterling Capital Management LLC increased its stake in shares of Lineage by 61.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,703 shares of the company's stock valued at $217,000 after buying an additional 1,415 shares in the last quarter.

Insider Activity

In other Lineage news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Lineage Trading Down 0.3 %

LINE traded down $0.17 during midday trading on Monday, reaching $55.68. 499,198 shares of the company were exchanged, compared to its average volume of 1,244,979. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a one year low of $46.63 and a one year high of $89.85. The stock's 50-day simple moving average is $56.97 and its 200 day simple moving average is $61.00.

Lineage Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, March 31st.

Analyst Upgrades and Downgrades

LINE has been the subject of a number of research reports. Piper Sandler lowered their target price on Lineage from $90.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Scotiabank restated a "sector perform" rating and issued a $56.00 target price (down from $74.00) on shares of Lineage in a research note on Thursday, April 10th. Royal Bank of Canada lowered their price objective on Lineage from $81.00 to $74.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Robert W. Baird lowered their price objective on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, BNP Paribas began coverage on Lineage in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $61.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.63.

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.