State of Alaska Department of Revenue Grows Stock Holdings in Lineage, Inc. (NASDAQ:LINE)

State of Alaska Department of Revenue lifted its holdings in Lineage, Inc. (NASDAQ:LINE) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,724 shares of the company’s stock after acquiring an additional 291 shares during the period. State of Alaska Department of Revenue’s holdings in Lineage were worth $1,740,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE acquired a new stake in Lineage in the 3rd quarter valued at $25,000. GAMMA Investing LLC grew its stake in shares of Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Lineage during the 3rd quarter valued at about $34,000. Spirit of America Management Corp NY acquired a new position in Lineage during the 3rd quarter worth approximately $165,000. Finally, Stifel Financial Corp purchased a new position in Lineage in the 3rd quarter worth approximately $211,000.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $57.50 on Wednesday. The company’s fifty day moving average is $59.08 and its two-hundred day moving average is $70.92. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage, Inc. has a 1-year low of $52.75 and a 1-year high of $89.85.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid 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 3.67%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LINE shares. The Goldman Sachs Group dropped their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada dropped their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Mizuho cut their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird lowered their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI cut their price target on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.88.

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.