AlphaQuest LLC Has $242,000 Stock Holdings in Modine Manufacturing Company $MOD

AlphaQuest LLC lowered its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 43.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,455 shares of the auto parts company’s stock after selling 1,878 shares during the period. AlphaQuest LLC’s holdings in Modine Manufacturing were worth $242,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC grew its position in Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 142 shares during the last quarter. KBC Group NV grew its holdings in shares of Modine Manufacturing by 16.0% during the 1st quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock valued at $185,000 after purchasing an additional 333 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Modine Manufacturing by 442.4% during the 1st 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 last quarter. D.A. Davidson & CO. increased its position in Modine Manufacturing by 4.0% during the 1st quarter. D.A. Davidson & CO. now owns 65,045 shares of the auto parts company’s stock worth $4,992,000 after purchasing an additional 2,479 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in Modine Manufacturing in the 1st quarter valued at approximately $4,605,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson lifted their price target on Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Finally, KeyCorp upped their price objective on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.00.

Insiders Place Their Bets

In other news, EVP Michael B. Lucareli sold 40,422 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the sale, the executive vice president owned 41,920 shares of the company’s stock, valued at $5,888,502.40. This trade represents a 49.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marsha C. Williams sold 25,761 shares of Modine Manufacturing stock in a transaction on Monday, August 11th. The shares were sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the completion of the sale, the director owned 120,689 shares of the company’s stock, valued at $16,265,256.53. This represents a 17.59% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 105,560 shares of company stock valued at $14,688,436. Company insiders own 2.48% of the company’s stock.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $153.85 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $166.94. The company has a 50 day simple moving average of $148.22 and a two-hundred day simple moving average of $118.06. The company has a market capitalization of $8.08 billion, a PE ratio of 44.46, a P/E/G ratio of 0.98 and a beta of 2.06.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.09. The company had revenue of $738.90 million during the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. Modine Manufacturing’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

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.