Vontobel Holding Ltd. Invests $1.03 Million in Lineage, Inc. (NASDAQ:LINE)

Vontobel Holding Ltd. purchased a new stake in shares of Lineage, Inc. (NASDAQ:LINE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 13,087 shares of the company’s stock, valued at approximately $1,026,000.

A number of other large investors also recently made changes to their positions in LINE. Perpetual Ltd purchased a new position in Lineage in the third quarter worth $324,000. SG Americas Securities LLC bought a new stake in shares of Lineage during the 3rd quarter worth $658,000. Finally, Renaissance Capital LLC purchased a new position in shares of Lineage in the 3rd quarter worth about $5,209,000. 3.35% of the stock is owned by institutional investors.

Insider Activity

In other Lineage news, CFO Robert Crisci acquired 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeffrey Alvarez Rivera purchased 600 shares of the business’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of $78.00 per share, with a total value of $46,800.00. Following the purchase, the insider now directly owns 5,406 shares in the company, valued at approximately $421,668. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert Crisci acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $780,000. The disclosure for this purchase can be found here. Insiders bought 12,150 shares of company stock worth $947,700 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Lineage Trading Up 1.5 %

LINE stock opened at $77.55 on Monday. The company has a 50 day moving average price of $80.99. The company has a market capitalization of $18.89 billion and a price-to-earnings ratio of -5.67. Lineage, Inc. has a 12 month low of $73.16 and a 12 month high of $89.85. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95.

Lineage Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be issued a $0.38 dividend. The ex-dividend date is Monday, September 30th. Lineage’s payout ratio is -11.12%.

Wall Street Analysts Forecast Growth

LINE has been the topic of several research reports. Scotiabank lowered their price objective on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 26th. Truist Financial initiated coverage on Lineage in a research note on Monday, August 19th. They issued a “buy” rating and a $94.00 price objective on the stock. Baird R W raised Lineage to a “strong-buy” rating in a report on Monday, August 19th. Robert W. Baird assumed coverage on Lineage in a research note on Monday, August 19th. They issued an “outperform” rating and a $91.00 target price on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 price target on shares of Lineage in a research note on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.50.

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.