Modine Manufacturing Company $MOD Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of Modine Manufacturing Company (NYSE:MOD) by 95.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,859 shares of the auto parts company’s stock after selling 281,254 shares during the quarter. Voya Investment Management LLC’s holdings in Modine Manufacturing were worth $1,064,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 142 shares during the last quarter. Versant Capital Management Inc boosted its position in Modine Manufacturing by 245.9% during the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Modine Manufacturing during the first quarter worth approximately $46,000. First Horizon Advisors Inc. boosted its position in Modine Manufacturing by 442.4% during the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 522 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Insiders Place Their Bets

In other news, Director Marsha C. Williams sold 25,761 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $134.77, for a total value of $3,471,809.97. Following the transaction, the director owned 120,689 shares of the company’s stock, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael B. Lucareli sold 80,661 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president directly owned 66,920 shares in the company, valued at approximately $8,587,843.60. This represents a 54.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is owned by company insiders.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $146.14 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.67 billion, a P/E ratio of 41.87, a P/E/G ratio of 0.96 and a beta of 2.09. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $159.54. The firm’s 50 day moving average is $132.33 and its two-hundred day moving average is $104.13.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The company had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same quarter last year, the firm posted $1.04 earnings per share. Modine Manufacturing’s revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MOD. Oppenheimer raised their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. KeyCorp raised their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $145.67.

Modine Manufacturing Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.