Quantbot Technologies LP Has $3.08 Million Holdings in Lineage, Inc. (NASDAQ:LINE)

Quantbot Technologies LP grew its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 1,178.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,654 shares of the company’s stock after acquiring an additional 48,535 shares during the period. Quantbot Technologies LP’s holdings in Lineage were worth $3,084,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LINE. GAMMA Investing LLC increased its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares during the period. Larson Financial Group LLC bought a new position in shares of Lineage during the third quarter worth approximately $34,000. Stifel Financial Corp bought a new position in shares of Lineage during the third quarter worth approximately $211,000. MetLife Investment Management LLC bought a new position in shares of Lineage during the third quarter worth approximately $226,000. Finally, M&T Bank Corp increased its holdings in shares of Lineage by 9.7% during the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company’s stock worth $292,000 after purchasing an additional 439 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on LINE. BNP Paribas initiated coverage on shares of Lineage in a report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 target price on the stock. Scotiabank lifted their price objective on shares of Lineage from $73.00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday, March 10th. The Goldman Sachs Group decreased their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Piper Sandler decreased their price objective on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Finally, Royal Bank of Canada decreased their price objective on shares of Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.06.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $58.40 on Friday. The firm’s fifty day moving average is $58.23 and its 200-day moving average is $65.66. 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, Inc. has a 52 week low of $52.75 and a 52 week high of $89.85.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.61%.

Insider Transactions at Lineage

In other news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the acquisition, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.

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.