Vanderbilt University Buys 5,146 Shares of Lineage, Inc. (NASDAQ:LINE)

Vanderbilt University raised its stake in Lineage, Inc. (NASDAQ:LINE) by 26.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,778 shares of the company’s stock after buying an additional 5,146 shares during the period. Vanderbilt University’s holdings in Lineage were worth $1,453,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Lineage in the 4th quarter worth $681,572,000. Vanguard Group Inc. boosted its stake in shares of Lineage by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 9,595,402 shares of the company’s stock valued at $562,003,000 after purchasing an additional 408,526 shares in the last quarter. D1 Capital Partners L.P. boosted its stake in shares of Lineage by 257.5% in the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company’s stock valued at $219,848,000 after purchasing an additional 2,703,598 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Lineage by 92.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,233,219 shares of the company’s stock valued at $189,380,000 after purchasing an additional 1,550,478 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Lineage by 36.9% in the 4th quarter. Victory Capital Management Inc. now owns 3,087,088 shares of the company’s stock valued at $180,811,000 after purchasing an additional 831,533 shares in the last quarter.

Wall Street Analysts Forecast Growth

LINE has been the subject of a number of research reports. BNP Paribas set a $42.00 price objective on shares of Lineage in a research note on Thursday, June 12th. Wells Fargo & Company cut their price objective on shares of Lineage from $64.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Bank of America cut shares of Lineage from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Tuesday, May 6th. Robert W. Baird dropped their price target on shares of Lineage from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup dropped their price target on shares of Lineage from $64.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, June 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.60.

Lineage Stock Up 1.0%

Shares of NASDAQ LINE opened at $44.55 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $47.85 and a two-hundred day simple moving average of $54.68. The firm has a market capitalization of $10.18 billion and a PE ratio of -13.84. Lineage, Inc. has a 12 month low of $41.88 and a 12 month high of $89.85.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative net margin of 11.88% and a negative return on equity of 7.24%. Lineage’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Lineage, Inc. will post 2.34 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Sudarsan V. Thattai acquired 4,420 shares of Lineage stock in a transaction on Monday, May 5th. The stock was acquired at an average cost of $45.23 per share, for a total transaction of $199,916.60. Following the purchase, the insider now owns 4,420 shares in the company, valued at $199,916.60. This trade represents 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 the SEC website. Also, Chairman Adam Matthew Schwartz Forste acquired 10,949 shares of Lineage stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $44.93 per share, with a total value of $491,938.57. Following the completion of the purchase, the chairman now owns 35,266 shares in the company, valued at $1,584,501.38. This represents a 45.03% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 26,869 shares of company stock worth $1,194,980 in the last three months. 71.90% of the stock is owned by corporate insiders.

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.