Blair William & Co. IL Raises Stock Position in Modine Manufacturing Company $MOD

Blair William & Co. IL increased its position in shares of Modine Manufacturing Company (NYSE:MOD) by 40.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,116 shares of the auto parts company’s stock after acquiring an additional 32,482 shares during the quarter. Blair William & Co. IL owned about 0.21% of Modine Manufacturing worth $16,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Corp purchased a new position in Modine Manufacturing in the third quarter worth $38,000. Parkside Financial Bank & Trust increased its position in shares of Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 405 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Modine Manufacturing during the 2nd quarter valued at $57,000. Toth Financial Advisory Corp purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $57,000. Finally, AdvisorShares Investments LLC boosted its position in shares of Modine Manufacturing by 154.0% in the 3rd quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 8.9%

Shares of MOD stock opened at $186.47 on Monday. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $243.80. The company has a market cap of $9.83 billion, a price-to-earnings ratio of 103.60, a PEG ratio of 1.14 and a beta of 1.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The stock has a 50 day simple moving average of $177.47 and a 200-day simple moving average of $158.07.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The company had revenue of $805.00 million during the quarter, compared to analyst estimates of $763.54 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the sale, the director directly owned 79,856 shares in the company, valued at approximately $14,699,093.92. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.48% of the company’s stock.

Analyst Upgrades and Downgrades

MOD has been the topic of several research analyst reports. Oppenheimer boosted their target price on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Zacks Research upgraded Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. UBS Group assumed coverage on shares of Modine Manufacturing in a report on Thursday, November 20th. They set a “buy” rating and a $173.00 price objective on the stock. Finally, DA Davidson increased their price objective on shares of Modine Manufacturing from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $223.20.

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.