15,000 Shares in Lineage, Inc. (NASDAQ:LINE) Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. acquired a new stake in shares of Lineage, Inc. (NASDAQ:LINE) in the 4th quarter, HoldingsChannel reports. The firm acquired 15,000 shares of the company’s stock, valued at approximately $879,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of Lineage by 8.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 80,405 shares of the company’s stock valued at $4,709,000 after purchasing an additional 6,575 shares during the period. Norges Bank acquired a new position in Lineage in the 4th quarter valued at $681,572,000. JPMorgan Chase & Co. raised its position in Lineage by 166.6% during the 4th quarter. JPMorgan Chase & Co. now owns 426,647 shares of the company’s stock worth $24,989,000 after buying an additional 266,626 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Lineage by 3.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 92,644 shares of the company’s stock worth $5,426,000 after acquiring an additional 3,496 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Lineage by 4.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 39,819 shares of the company’s stock valued at $2,349,000 after acquiring an additional 1,559 shares in the last quarter.

Insider Buying and Selling

In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased 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 in the company, valued at $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Lineage Trading Down 1.5 %

Shares of LINE opened at $58.98 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $58.57 and its two-hundred day moving average is $64.74. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, March 31st.

Analysts Set New Price Targets

LINE has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Mizuho reduced their price target 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 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. BNP Paribas began coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 target price on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and cut their price target for the company from $78.00 to $75.00 in a report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.06.

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.