Investors Buy High Volume of Modine Manufacturing Call Options (NYSE:MOD)

Modine Manufacturing Company (NYSE:MOD) was the recipient of some unusual options trading on Friday. Investors acquired 5,600 call options on the stock. This is an increase of 254% compared to the typical volume of 1,580 call options.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine and Gentherm announced a deal to combine Modine’s Performance Technologies unit with Gentherm in a reverse Morris Trust transaction (~$1.0B value) that creates a scaled thermal-management leader and accelerates Modine’s transformation to a higher-margin climate solutions business. This is the primary strategic catalyst lifting the stock. Gentherm and Modine Combine – GlobeNewswire
• Positive Sentiment: DA Davidson reaffirmed a Buy on MOD with a $200 price target, providing a near-term analyst endorsement and visible upside from current levels that likely supports additional buying interest. DA Davidson Buy Rating – American Banking News
• Positive Sentiment: Unusual options activity: traders purchased ~5,600 MOD calls (≈254% above typical call volume), signaling bullish speculative interest that can amplify intraday moves. (No article link)
• Positive Sentiment: Market commentary and momentum pieces note a recent strong rally and upward estimate revisions, suggesting momentum traders and upgraded forecasts are contributing to the price run. Modine Soars 20.3% – Zacks
• Positive Sentiment: News outlets covered the share jump tied to the Gentherm merger details, increasing visibility among investors and likely driving higher volume. Modine Shares Jump on $1B Merger – MSN
• Neutral Sentiment: Analyst/deep-dive pieces are updating estimates and looking beyond revenue/EPS to metrics that will matter for the quarter; these are informative but not immediate price drivers. Exploring Analyst Estimates – Zacks
• Neutral Sentiment: Transcripts/slides from recent Modine investor/M&A calls provide detail on the spin-off and combination mechanics; useful for assessing deal execution and timing but incremental to headline-driven moves. M&A Call Transcript – Seeking Alpha

Analyst Upgrades and Downgrades

MOD has been the topic of a number of recent research reports. UBS Group began coverage on shares of Modine Manufacturing in a research report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price target on the stock. Oppenheimer increased their price objective on shares of Modine Manufacturing from $185.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. KeyCorp upped their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, DA Davidson reiterated a “buy” rating and set a $200.00 price target on shares of Modine Manufacturing in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.00.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $150.00, for a total transaction of $165,000.00. Following the transaction, the director owned 80,956 shares of the company’s stock, valued at $12,143,400. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the sale, the chief executive officer owned 238,312 shares of the company’s stock, valued at $38,263,374.72. This trade represents a 11.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.48% of the company’s stock.

Institutional Trading of Modine Manufacturing

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Modine Manufacturing by 1.9% during the third quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock worth $722,297,000 after purchasing an additional 97,035 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Modine Manufacturing by 1.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock valued at $176,553,000 after purchasing an additional 23,955 shares during the period. State Street Corp raised its stake in shares of Modine Manufacturing by 4.2% in the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after buying an additional 53,351 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Modine Manufacturing in the third quarter valued at $184,610,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Modine Manufacturing by 1.2% in the second quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company’s stock valued at $119,690,000 after buying an additional 14,096 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

Shares of NYSE:MOD opened at $185.31 on Friday. The firm’s 50 day moving average is $144.10 and its two-hundred day moving average is $141.03. The firm has a market capitalization of $9.76 billion, a P/E ratio of 53.56, a PEG ratio of 1.12 and a beta of 1.70. The company has a current ratio of 2.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Modine Manufacturing has a 52 week low of $64.79 and a 52 week high of $190.22.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts anticipate that Modine Manufacturing will post 3.88 earnings per share for the current year.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.