Los Angeles Capital Management LLC Has $1.56 Million Stake in Modine Manufacturing (NYSE:MOD)

Los Angeles Capital Management LLC grew its position in Modine Manufacturing (NYSE:MODGet Rating) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,345 shares of the auto parts company’s stock after purchasing an additional 23,890 shares during the quarter. Los Angeles Capital Management LLC owned about 0.23% of Modine Manufacturing worth $1,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of Modine Manufacturing by 5.8% in the second quarter. Bank of Montreal Can now owns 15,128 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 834 shares during the last quarter. Assetmark Inc. grew its position in Modine Manufacturing by 75.8% during the third quarter. Assetmark Inc. now owns 2,268 shares of the auto parts company’s stock worth $29,000 after buying an additional 978 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Modine Manufacturing by 9.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,064 shares of the auto parts company’s stock worth $159,000 after buying an additional 1,292 shares in the last quarter. Royal Bank of Canada grew its position in Modine Manufacturing by 1.4% during the first quarter. Royal Bank of Canada now owns 103,123 shares of the auto parts company’s stock worth $929,000 after buying an additional 1,460 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Modine Manufacturing by 2.7% during the second quarter. Rhumbline Advisers now owns 75,485 shares of the auto parts company’s stock worth $795,000 after buying an additional 1,965 shares in the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MOD shares. StockNews.com downgraded Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 4th. TheStreet raised Modine Manufacturing from a “c+” rating to a “b-” rating in a research report on Thursday, November 3rd. EF Hutton Acquisition Co. I started coverage on Modine Manufacturing in a research report on Tuesday, January 17th. They set a “buy” rating and a $32.00 price target on the stock. Finally, CJS Securities initiated coverage on Modine Manufacturing in a research report on Tuesday, December 6th. They set an “outperform” rating on the stock.

Modine Manufacturing Trading Up 2.6 %

Shares of MOD stock opened at $21.78 on Monday. The stock’s fifty day moving average price is $20.93 and its two-hundred day moving average price is $17.03. The company has a market cap of $1.13 billion, a PE ratio of 9.47, a P/E/G ratio of 0.50 and a beta of 2.27. Modine Manufacturing has a fifty-two week low of $7.67 and a fifty-two week high of $23.57. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.97 and a current ratio of 1.58.

Modine Manufacturing (NYSE:MODGet Rating) last issued its earnings results on Wednesday, November 2nd. The auto parts company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Modine Manufacturing had a return on equity of 19.79% and a net margin of 5.52%. The firm had revenue of $578.80 million for the quarter, compared to the consensus estimate of $545.10 million. Equities analysts predict that Modine Manufacturing will post 1.75 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michael B. Lucareli sold 60,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $19.58, for a total value of $1,174,800.00. Following the completion of the transaction, the chief financial officer now directly owns 293,287 shares in the company, valued at approximately $5,742,559.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.06% of the stock is owned by corporate insiders.

About Modine Manufacturing

(Get Rating)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.

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Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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