Villere ST Denis J & Co. LLC Has $26.86 Million Stock Holdings in Lineage, Inc. (NASDAQ:LINE)

Villere ST Denis J & Co. LLC boosted its stake in Lineage, Inc. (NASDAQ:LINE) by 11,362.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 458,513 shares of the company’s stock after purchasing an additional 454,513 shares during the quarter. Lineage comprises about 2.4% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 19th biggest position. Villere ST Denis J & Co. LLC’s holdings in Lineage were worth $26,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Lineage by 7.3% in the fourth quarter. Rhumbline Advisers now owns 65,495 shares of the company’s stock worth $3,836,000 after purchasing an additional 4,462 shares during the period. Vontobel Holding Ltd. grew its holdings in Lineage by 47.4% in the fourth quarter. Vontobel Holding Ltd. now owns 19,287 shares of the company’s stock worth $1,130,000 after purchasing an additional 6,200 shares during the period. Asset Management One Co. Ltd. grew its holdings in Lineage by 6.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 89,566 shares of the company’s stock worth $5,284,000 after purchasing an additional 5,429 shares during the period. Van ECK Associates Corp grew its holdings in Lineage by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 11,759 shares of the company’s stock worth $689,000 after purchasing an additional 1,089 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Lineage in the fourth quarter worth $305,000.

Lineage Stock Up 0.3 %

LINE opened at $56.37 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The company’s 50-day moving average is $58.71 and its 200 day moving average is $70.51. Lineage, Inc. has a fifty-two week low of $52.75 and a fifty-two week high of $89.85.

Lineage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, December 31st.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Robert W. Baird reduced their price target on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Scotiabank reduced their price objective on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a report on Monday, February 3rd. BNP Paribas started coverage on shares of Lineage in a report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price objective for the company. Mizuho reduced their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lineage presently has an average rating of “Moderate Buy” and an average target price of $84.88.

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.