Lineage (NASDAQ:LINE) Sees Large Volume Increase – What’s Next?

Lineage, Inc. (NASDAQ:LINE) shares saw an uptick in trading volume on Friday . 2,772,609 shares traded hands during trading, an increase of 192% from the previous session’s volume of 951,083 shares.The stock last traded at $60.32 and had previously closed at $59.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LINE. The Goldman Sachs Group cut their target price 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. BNP Paribas started coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 target price for the company. Robert W. Baird cut their price objective on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank cut their price objective on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.41.

Lineage Price Performance

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 $57.74 and its 200-day moving average is $68.29.

Lineage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders 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 3.50%.

Institutional Trading of Lineage

Several large investors have recently added to or reduced their stakes in LINE. US Bancorp DE bought a new stake in Lineage during the third quarter worth about $25,000. GAMMA Investing LLC grew its stake in 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 buying an additional 448 shares during the last quarter. FIL Ltd bought a new stake in Lineage during the fourth quarter worth about $29,000. Larson Financial Group LLC bought a new stake in Lineage during the third quarter worth about $34,000. Finally, Quarry LP bought a new stake in Lineage during the fourth quarter worth about $50,000.

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.