Lineage, Inc. (NASDAQ:LINE) Chairman Adam Matthew Schwartz Forste Purchases 24,317 Shares

Lineage, Inc. (NASDAQ:LINE) 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 in the company, valued at $1,471,178.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lineage Price Performance

Shares of Lineage stock opened at $59.97 on Tuesday. Lineage, Inc. has a 1 year low of $52.75 and a 1 year high of $89.85. The company has a 50-day moving average of $57.74 and a 200 day moving average of $68.18. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LINE. The Goldman Sachs Group lowered their price objective on Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Royal Bank of Canada cut their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Scotiabank lowered their price objective on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price target on Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lineage presently has a consensus rating of “Moderate Buy” and an average price target of $82.41.

Institutional Trading of Lineage

A number of hedge funds have recently made changes to their positions in the stock. DigitalBridge Group Inc. purchased a new stake in shares of Lineage in the fourth quarter worth $5,195,000. Woodline Partners LP raised its holdings in Lineage by 0.3% in the fourth 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 last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Lineage by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company’s stock valued at $526,000 after buying an additional 340 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Lineage in the 4th quarter worth approximately $378,000. Finally, Needham Investment Management LLC raised its holdings in Lineage by 84.0% in the 4th quarter. Needham Investment Management LLC now owns 11,500 shares of the company’s stock worth $674,000 after acquiring an additional 5,250 shares during the last quarter.

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.