Van ECK Associates Corp Boosts Stake in Lineage, Inc. (NASDAQ:LINE)

Van ECK Associates Corp has raised its stake in Lineage, Inc. (NASDAQ:LINE – Free Report) by 10.2% during the fourth quarter, as detailed in its recent 13F filing with the Securities and Exchange Commission. Following this increase, the firm now holds 11,759 shares of Lineage, having purchased an additional 1,089 shares in the quarter. Based on the latest filing, Van ECK Associates Corp's holdings in Lineage are valued at approximately $689,000.

Additionally, several other institutional investors have also adjusted their positions in Lineage. For example, Wellington Management Group LLP entered a new investment in the company during the third quarter, amounting to $265,895,000. Victory Capital Management Inc. also made a significant investment of about $176,790,000, while Principal Financial Group Inc. invested around $173,115,000. Other noteworthy investments include Baillie Gifford & Co. with $134,351,000 and Janus Henderson Group PLC, which contributed $131,875,000 in the same quarter.

Stock Performance

On Friday, NASDAQ:LINE opened at $53.88. Lineage, Inc. has experienced a yearly range, with a low of $52.75 and a high of $89.85. The company’s financial metrics include 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 simple moving average stands at $57.94, while the 200-day simple moving average is at $69.31.

Dividend Announcement

Lineage, Inc. has recently declared a quarterly dividend which was paid on January 21st. For shareholders recorded on December 31st, a dividend of $0.5275 per share was distributed, amounting to an annualized dividend of $2.11, giving a yield of 3.92%. The ex-dividend date was December 31st.

Analyst Insights

Lineage has been a subject of multiple analyst reviews. Royal Bank of Canada revised their price target from $94.00 to $81.00, maintaining an “outperform” rating. Evercore ISI also adjusted their price target from $88.00 to $78.00, updating their rating to “in-line.” Similarly, Robert W. Baird decreased their target from $91.00 to $85.00 while still supporting an “outperform” rating. Scotiabank lowered their target from $76.00 to $73.00 with a rating of “sector outperform.” In addition, The Goldman Sachs Group revised their price target from $89.00 to $77.00 while giving a “buy” rating. According to MarketBeat.com, out of 18 analysts, seven have issued a hold rating, ten have given a buy rating, and one has designated a strong buy rating, resulting in a consensus rating of “Moderate Buy” and an average target price of $84.88.

Company Overview

Lineage, Inc. is recognized as the largest global temperature-controlled warehouse REIT, operating over 480 facilities strategically located across North America, Europe, and the Asia-Pacific region. With a total capacity exceeding 84.1 million square feet and 3.0 billion cubic feet, Lineage offers advanced supply chain solutions and collaborates with major food and beverage producers, retailers, and distributors to enhance distribution efficiency, support sustainability efforts, minimize waste, and ultimately contribute to feeding the global population.

VanECK, Lineage, Stock