Toth Financial Advisory Corp purchased a new position in shares of Modine Manufacturing (NYSE:MOD – Get Rating ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,200 shares of the auto parts company’s stock, valued at approximately $639,000. Toth Financial Advisory Corp owned about 0.06% of Modine Manufacturing at the end of the most recent quarter.
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Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its stake in Modine Manufacturing by 3.7% during the first quarter. BlackRock Inc. now owns 4,066,537 shares of the auto parts company’s stock worth $36,639,000 after acquiring an additional 144,771 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Modine Manufacturing by 16.6% during the third quarter. Frontier Capital Management Co. LLC now owns 4,028,253 shares of the auto parts company’s stock valued at $52,126,000 after buying an additional 573,397 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Modine Manufacturing by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,614,485 shares of the auto parts company’s stock valued at $46,771,000 after buying an additional 104,463 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Modine Manufacturing by 5.6% during the first quarter. Gamco Investors INC. ET AL now owns 3,250,247 shares of the auto parts company’s stock valued at $29,285,000 after buying an additional 171,848 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Modine Manufacturing by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,008,316 shares of the auto parts company’s stock valued at $27,105,000 after purchasing an additional 126,779 shares during the period. Institutional investors and hedge funds own 89.09% of the company’s shares.
Analyst Updates and Downgrades
MOD has been the subject of several recent research reports. StockNews.com began coverage on Modine Manufacturing in a research note on Thursday, March 16th. They issued a “strong-buy” rating for the company. DA Davidson boosted their price objective on Modine Manufacturing from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. CJS Securities initiated coverage on Modine Manufacturing in a research note on Tuesday, December 6th. They issued an “outperform” rating on the company. Finally, EF Hutton Acquisition Co. I started coverage on Modine Manufacturing in a research note on Tuesday, January 17th. They issued a “buy” rating and a $32.00 price objective for the company. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.50, according to MarketBeat .
Privileged activity at Modine Manufacturing
In other Modine Manufacturing news, CFO Michael B. Lucareli sold 13,379 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $25.08, for a total transaction of $335,545.32. Following the transaction, the chief financial officer now directly owns 293,287 shares in the company, valued at approximately $7,355,637.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Currently, 3.06% of the shares are owned by insiders of the company.
Modine Manufacturing Stock Performance
Shares of MOD stock opened at $23.05 on Friday. The company’s 50-day simple moving average is $23.42, and its 200-day simple moving average is $20.24. Modine Manufacturing has a one year low of $7.67 and a one year high of $26.90. The stock has a market cap of $1.2 billion, a PE ratio of 17.07, a PEG ratio of 0.51 and a beta of 2.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73, and a quick ratio of 1.06.
Modine Manufacturing (NYSE:MOD – Get Rating) last announced its earnings results on Thursday, February 2nd. The auto parts company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Modine Manufacturing had a return on equity of 21.07% and a net margin of 3.18%. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $562.38 million. During the same period last year, the company posted earnings per share of $0.31. The company’s revenue increased by 11.6% year-on-year. As a group, research analysts forecast that Modine Manufacturing will post 1.76 earnings per share for the current year.
Modine Manufacturing Profile
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Modine Manufacturing Co is dedicated to providing thermal management solutions. It operates through the following segments: Heavy Duty Equipment (HDE), Automotive, Commercial and Industrial Solutions (CIS) and Building HVAC Systems (BHVAC). The HDE segment offers engine and powertrain cooling products, including but not limited to radiators, charge air coolers, condensers, oil coolers, EGR coolers, fuel coolers, electronic cooling packages and systems of battery thermal management to commercial vehicle manufacturers. off-road and automotive and light vehicle markets in North America, South America, Europe and Asia.
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