Lineage, Inc. $LINE Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Lineage, Inc. (NASDAQ:LINE) by 339.1% during the second quarter, Holdings Channel reports. The fund owned 20,183 shares of the company’s stock after buying an additional 15,587 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Lineage were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LINE. Rockefeller Capital Management L.P. boosted its holdings in Lineage by 110.2% in the second quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock valued at $998,000 after purchasing an additional 12,021 shares during the last quarter. Creative Planning lifted its holdings in shares of Lineage by 15.8% in the 2nd quarter. Creative Planning now owns 12,946 shares of the company’s stock valued at $563,000 after buying an additional 1,762 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Lineage by 175.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,221 shares of the company’s stock worth $2,403,000 after buying an additional 35,145 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in Lineage by 23.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,763 shares of the company’s stock worth $468,000 after acquiring an additional 2,056 shares during the period. Finally, Geode Capital Management LLC raised its position in Lineage by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,353,478 shares of the company’s stock valued at $58,915,000 after acquiring an additional 59,781 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on LINE. Barclays lowered their price objective on Lineage from $51.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Morgan Stanley lowered their price target on shares of Lineage from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, September 22nd. UBS Group cut their price objective on shares of Lineage from $45.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their price objective on shares of Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $45.17.

Insider Transactions at Lineage

In other news, Chairman Kevin Patrick Marchetti acquired 14,500 shares of Lineage stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average cost of $33.72 per share, with a total value of $488,940.00. Following the purchase, the chairman owned 89,168 shares in the company, valued at $3,006,744.96. This trade represents a 19.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Adam Matthew Schwartz Forste bought 74,000 shares of the stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $33.83 per share, for a total transaction of $2,503,420.00. Following the purchase, the chairman owned 109,266 shares in the company, valued at $3,696,468.78. The trade was a 209.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 129,000 shares of company stock valued at $4,366,940 in the last 90 days. 71.90% of the stock is owned by company insiders.

Lineage Stock Up 0.4%

LINE stock opened at $35.82 on Thursday. Lineage, Inc. has a 52 week low of $32.46 and a 52 week high of $65.69. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $38.06 and a 200-day simple moving average of $41.39. The stock has a market capitalization of $8.18 billion, a P/E ratio of -45.34 and a beta of -0.19.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.30%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.90 EPS. Lineage’s revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Lineage, Inc. will post 2.34 earnings per share for the current fiscal year.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Tuesday, September 30th. Lineage’s payout ratio is presently -267.09%.

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.