Teachers Retirement System of The State of Kentucky Sells 11,117 Shares of Lineage, Inc. (NASDAQ:LINE)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,459 shares of the company's stock after selling 11,117 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Lineage were worth $5,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Lineage in the fourth quarter worth about $681,572,000. Vanguard Group Inc. grew its position in shares of Lineage by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company's stock valued at $562,003,000 after purchasing an additional 408,526 shares during the period. Baillie Gifford & Co. increased its stake in Lineage by 80.8% during the 4th quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after purchasing an additional 1,384,481 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Lineage by 36.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company's stock valued at $180,811,000 after buying an additional 831,533 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Lineage by 22.5% in the fourth quarter. Capital World Investors now owns 3,064,842 shares of the company's stock valued at $179,508,000 after buying an additional 563,078 shares during the period.

Lineage Stock Up 1.0 %

LINE stock traded up $0.57 during trading on Monday, reaching $56.42. 139,903 shares of the company were exchanged, compared to its average volume of 1,243,183. Lineage, Inc. has a twelve month low of $46.63 and a twelve month high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The company has a 50-day moving average of $56.95 and a two-hundred day moving average of $61.13.

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 dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, March 31st.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LINE shares. Robert W. Baird lowered their target price on Lineage from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Mizuho decreased their price objective on Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their target price on Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. BNP Paribas started coverage on shares of Lineage in a research note on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price target for the company. Finally, Piper Sandler cut their price objective on shares of Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lineage currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.63.

Insider Activity at Lineage

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the purchase, the chairman now directly owns 24,317 shares in the company, valued at $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

Lineage Company 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.