Toth Financial Advisory Corp Decreases Stake in Modine Manufacturing (NYSE:MOD)

Toth Financial Advisory Corp lessened its stake in Modine Manufacturing (NYSE:MOD) by 95.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 500 shares of the auto parts company’s stock after selling 10,050 shares during the quarter. Toth Financial Advisory Corp’s holdings in Modine Manufacturing were worth $48,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legato Capital Management LLC boosted its stake in shares of Modine Manufacturing by 193.7% in the 4th quarter. Legato Capital Management LLC now owns 24,317 shares of the auto parts company’s stock valued at $1,452,000 after buying an additional 16,037 shares during the period. Vanguard Group Inc. raised its position in shares of Modine Manufacturing by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,056,893 shares of the auto parts company’s stock worth $139,853,000 after acquiring an additional 95,255 shares in the last quarter. 1492 Capital Management LLC acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth about $1,284,000. Reinhart Partners LLC. acquired a new stake in shares of Modine Manufacturing during the 4th quarter worth about $41,129,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Modine Manufacturing by 107.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 11,732 shares of the auto parts company’s stock worth $700,000 after acquiring an additional 6,075 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 2.2 %

Modine Manufacturing stock traded up $2.19 during trading on Friday, hitting $100.19. The company’s stock had a trading volume of 2,051,497 shares, compared to its average volume of 783,991. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 0.78 and a beta of 2.26. The stock’s fifty day moving average is $97.53 and its 200 day moving average is $83.85. Modine Manufacturing has a 1-year low of $32.17 and a 1-year high of $109.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.64.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, May 21st. The auto parts company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The firm had revenue of $603.50 million for the quarter, compared to analyst estimates of $605.44 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Modine Manufacturing will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

MOD has been the topic of several research analyst reports. DA Davidson raised their target price on Modine Manufacturing from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. B. Riley reissued a “buy” rating and set a $125.00 target price on shares of Modine Manufacturing in a research report on Thursday. Finally, Oppenheimer raised their target price on Modine Manufacturing from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd.

About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.