Entropy Technologies LP Acquires New Shares in Lineage, Inc. (NASDAQ:LINE)

Entropy Technologies LP acquired a new stake in Lineage, Inc. (NASDAQ:LINE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,200 shares of the company’s stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LINE. Vontobel Holding Ltd. bought a new stake in Lineage in the third quarter valued at about $1,026,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Lineage in the third quarter valued at about $3,582,000. Seven Grand Managers LLC bought a new stake in Lineage in the third quarter valued at about $24,298,000. Harbour Capital Advisors LLC acquired a new position in Lineage in the third quarter valued at about $380,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Lineage in the third quarter valued at about $867,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on LINE shares. Mizuho decreased 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 started coverage on Lineage in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 target price for the company. JPMorgan Chase & Co. cut Lineage from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th. Evercore ISI decreased their target price on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.88.

Lineage Trading Down 0.6 %

LINE opened at $56.22 on Friday. Lineage, Inc. has a 52-week low of $52.75 and a 52-week high of $89.85. 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 business’s 50-day simple moving average is $58.82 and its 200 day simple moving average is $70.72.

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.75%.

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.