abrdn plc Purchases 3,236 Shares of Lineage, Inc. (NASDAQ:LINE)

abrdn plc lifted its stake in shares of Lineage, Inc. (NASDAQ:LINE) by 25.4% during the fourth quarter, HoldingsChannel reports. The firm owned 15,988 shares of the company’s stock after acquiring an additional 3,236 shares during the quarter. abrdn plc’s holdings in Lineage were worth $936,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE bought a new stake in shares of Lineage in the third quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in shares of Lineage in the third quarter worth $34,000. GAMMA Investing LLC raised its position 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 acquiring an additional 448 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of Lineage during the third quarter worth $165,000. Finally, Stifel Financial Corp bought a new stake in shares of Lineage during the 3rd quarter valued at about $211,000.

Analyst Ratings Changes

LINE has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Scotiabank lowered their target price on Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird cut their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Evercore ISI reduced their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lineage currently has an average rating of “Moderate Buy” and an average target price of $84.88.

Lineage Trading Down 1.0 %

NASDAQ LINE opened at $57.35 on Tuesday. 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 fifty-two week low of $52.75 and a fifty-two week high of $89.85. The stock has a 50-day simple moving average of $59.18 and a two-hundred day simple moving average of $71.02.

Lineage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Tuesday, December 31st.

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.