GAMMA Investing LLC Has $55,000 Position in Modine Manufacturing Company $MOD

GAMMA Investing LLC increased its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 52.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560 shares of the auto parts company’s stock after buying an additional 193 shares during the period. GAMMA Investing LLC’s holdings in Modine Manufacturing were worth $55,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings 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 valued at $32,000 after purchasing an additional 300 shares during the period. First Horizon Advisors Inc. grew its holdings 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 valued at $49,000 after purchasing an additional 522 shares during the period. IFP Advisors Inc grew its holdings in Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 113 shares during the period. Banque Cantonale Vaudoise acquired a new position in Modine Manufacturing during the first quarter valued at approximately $92,000. Finally, LRI Investments LLC grew its holdings in Modine Manufacturing by 84.4% during the first quarter. LRI Investments LLC now owns 1,612 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Insider Activity at Modine Manufacturing

In related news, insider Eric S. Mcginnis sold 25,173 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.86, for a total value of $3,545,868.78. Following the sale, the insider directly owned 19,966 shares in the company, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the sale, the vice president owned 90,015 shares in the company, valued at $9,946,657.50. This represents a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Modine Manufacturing in a report on Saturday, September 27th. KeyCorp upped their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, August 18th. DA Davidson restated a “buy” rating and set a $185.00 target price on shares of Modine Manufacturing in a report on Monday, September 29th. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Oppenheimer upped their price target 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.67.

Modine Manufacturing Price Performance

MOD opened at $147.98 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 0.94 and a beta of 2.06. The firm’s fifty day moving average price is $139.67 and its two-hundred day moving average price is $107.30. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $159.54.

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

Modine Manufacturing Company 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.