Modine Manufacturing Company $MOD Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its position in shares of Modine Manufacturing Company (NYSE:MOD) by 75.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 706 shares of the auto parts company’s stock after selling 2,144 shares during the quarter. Signaturefd LLC’s holdings in Modine Manufacturing were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management acquired a new position in shares of Modine Manufacturing during the 4th quarter valued at about $27,000. First Horizon Corp purchased a new stake in Modine Manufacturing in the 3rd quarter valued at about $38,000. Sunbelt Securities Inc. purchased a new stake in Modine Manufacturing in the 3rd quarter valued at about $39,000. Danske Bank A S purchased a new stake in Modine Manufacturing in the 3rd quarter valued at about $43,000. Finally, Toth Financial Advisory Corp purchased a new stake in Modine Manufacturing in the 3rd quarter valued at about $57,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 0.0%

Shares of NYSE:MOD opened at $241.49 on Monday. 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 firm has a market capitalization of $12.73 billion, a PE ratio of 134.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.68. The firm’s 50-day moving average is $214.05 and its two-hundred day moving average is $170.17. Modine Manufacturing Company has a 1 year low of $67.80 and a 1 year high of $249.00.

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

Analyst Ratings Changes

MOD has been the topic of several research analyst reports. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Glj Research initiated coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 price objective on the stock. Zacks Research upgraded shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of Modine Manufacturing in a report on Tuesday, March 31st. Finally, Oppenheimer boosted their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Modine Manufacturing currently has an average rating of “Buy” and an average price target of $234.33.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $184.07, for a total transaction of $202,477.00. Following the sale, the director directly owned 79,856 shares in the company, valued at $14,699,093.92. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.48% of the stock is owned by company insiders.

About Modine Manufacturing

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.