UBS Group AG Buys 40,883 Shares of Modine Manufacturing (NYSE:MOD)

UBS Group AG grew its stake in shares of Modine Manufacturing (NYSE:MODFree Report) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,047 shares of the auto parts company’s stock after purchasing an additional 40,883 shares during the period. UBS Group AG owned approximately 0.47% of Modine Manufacturing worth $14,749,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in Modine Manufacturing during the fourth quarter worth about $29,000. Nisa Investment Advisors LLC raised its holdings in shares of Modine Manufacturing by 51.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,172 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 400 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Modine Manufacturing by 49.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,206 shares of the auto parts company’s stock valued at $101,000 after purchasing an additional 734 shares during the last quarter. AJOVista LLC bought a new stake in Modine Manufacturing during the fourth quarter valued at approximately $133,000. Finally, Invst LLC bought a new stake in Modine Manufacturing during the fourth quarter valued at approximately $181,000. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 0.5 %

MOD stock opened at $100.75 on Friday. The company has a market capitalization of $5.27 billion, a PE ratio of 33.25, a P/E/G ratio of 0.77 and a beta of 2.28. Modine Manufacturing has a 12 month low of $26.15 and a 12 month high of $109.53. The firm’s 50-day moving average is $96.48 and its 200 day moving average is $77.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.64 and a quick ratio of 0.98.

Modine Manufacturing (NYSE:MODGet Free Report) last issued its earnings results on Tuesday, May 21st. The auto parts company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The business had revenue of $603.50 million for the quarter, compared to the consensus estimate of $605.44 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. On average, research analysts anticipate that Modine Manufacturing will post 3.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $98.00 price target (up from $88.00) on shares of Modine Manufacturing in a research report on Tuesday, February 27th. Oppenheimer upped their price target on shares of Modine Manufacturing from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, DA Davidson upped their price target on shares of Modine Manufacturing from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.33.

Get Our Latest Stock Report on Modine Manufacturing

Insiders Place Their Bets

In other news, Director Christopher William Patterson sold 14,225 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $90.56, for a total value of $1,288,216.00. Following the sale, the director now directly owns 97,517 shares in the company, valued at approximately $8,831,139.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Modine Manufacturing news, VP Brian Jon Agen sold 16,799 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the transaction, the vice president now directly owns 102,409 shares of the company’s stock, valued at approximately $9,794,396.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher William Patterson sold 14,225 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $90.56, for a total transaction of $1,288,216.00. Following the transaction, the director now directly owns 97,517 shares of the company’s stock, valued at $8,831,139.52. The disclosure for this sale can be found here. 2.86% of the stock is owned by company insiders.

Modine Manufacturing Profile

(Free Report)

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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