Vanderbilt University Purchases 7,765 Shares of Lineage, Inc. (NASDAQ:LINE)

Vanderbilt University grew its holdings in shares of Lineage, Inc. (NASDAQ:LINE) by 65.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,632 shares of the company’s stock after acquiring an additional 7,765 shares during the period. Vanderbilt University’s holdings in Lineage were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LINE. US Bancorp DE acquired a new stake in Lineage during the third quarter worth approximately $25,000. Larson Financial Group LLC bought a new position in shares of Lineage during the 3rd quarter worth approximately $34,000. GAMMA Investing LLC grew its position in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 448 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of Lineage in the 3rd quarter valued at $165,000. Finally, Stifel Financial Corp acquired a new position in shares of Lineage during the 3rd quarter valued at $211,000.

Lineage Trading Up 0.1 %

Shares of LINE stock opened at $58.69 on Thursday. 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 firm has a 50-day moving average price of $59.54. Lineage, Inc. has a one year low of $52.75 and a one year high of $89.85.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $0.75 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, sell-side analysts forecast that Lineage, Inc. will post 2.33 EPS for the current year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 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 3.60%. The ex-dividend date of this dividend was Tuesday, December 31st.

Wall Street Analysts Forecast Growth

LINE has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a report on Monday. Mizuho reduced their target price on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. BNP Paribas assumed coverage on Lineage in a research note on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price target on the stock. Robert W. Baird reduced their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

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.