XTX Topco Ltd Acquires New Shares in Lineage, Inc. (NASDAQ:LINE)

XTX Topco Ltd acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,919 shares of the company's stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LINE. Norges Bank acquired a new stake in Lineage in the fourth quarter worth about $681,572,000. Principal Financial Group Inc. acquired a new position in Lineage during the third quarter worth about $173,115,000. Baillie Gifford & Co. raised its position in Lineage by 80.8% in the fourth quarter. Baillie Gifford & Co. now owns 3,098,580 shares of the company's stock worth $181,484,000 after acquiring an additional 1,384,481 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Lineage by 36.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company's stock valued at $180,811,000 after purchasing an additional 831,533 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of 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.

Lineage Stock Performance

Lineage stock traded up $0.11 on Tuesday, hitting $55.79. The company's stock had a trading volume of 155,810 shares, compared to its average volume of 1,239,498. Lineage, Inc. has a one year low of $46.63 and a one year high of $89.85. The company has a fifty day moving average price of $56.97 and a 200-day moving average price of $61.00. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Lineage Announces Dividend

The company also recently announced 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 dividend yield of 3.78%. The ex-dividend date was Monday, March 31st.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LINE shares. Royal Bank of Canada cut 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. Barclays started coverage on Lineage in a report on Wednesday, April 9th. They set an "overweight" rating and a $59.00 price objective on the stock. Robert W. Baird cut their price target on shares of Lineage from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Scotiabank restated a "sector perform" rating and set a $56.00 price objective (down from $74.00) on shares of Lineage in a research report on Thursday, April 10th. Finally, Mizuho dropped their price target on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Nine equities 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.63.

Insider Transactions at Lineage

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the purchase, the chairman now owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company's stock.

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.