AlphaMark Advisors LLC Acquires New Stake in Modine Manufacturing (NYSE:MOD)

AlphaMark Advisors LLC acquired a new stake in shares of Modine Manufacturing (NYSE:MOD) during the first quarter, HoldingsChannel reports. The institutional investor acquired 5,100 shares of the auto parts company’s stock, valued at approximately $485,000.

A number of other large investors have also made changes to their positions in the stock. Legato Capital Management LLC boosted its stake in 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 worth $1,452,000 after buying an additional 16,037 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Modine Manufacturing by 20.4% in the 1st quarter. Hennessy Advisors Inc. now owns 714,400 shares of the auto parts company’s stock worth $68,004,000 after purchasing an additional 121,200 shares during the period. Vanguard Group Inc. raised its holdings in shares of Modine Manufacturing by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,056,893 shares of the auto parts company’s stock worth $139,853,000 after purchasing an additional 95,255 shares during the period. 1492 Capital Management LLC purchased a new position in shares of Modine Manufacturing in the 4th quarter worth about $1,284,000. Finally, Reinhart Partners LLC. purchased a new position in shares of Modine Manufacturing in the 4th quarter worth about $41,129,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 2.5 %

Shares of NYSE:MOD traded up $2.49 during mid-day trading on Monday, hitting $102.68. 795,060 shares of the company traded hands, compared to its average volume of 950,168. The firm has a market cap of $5.37 billion, a P/E ratio of 33.89, a PEG ratio of 0.80 and a beta of 2.27. 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 has a 52-week low of $32.17 and a 52-week high of $109.53. The firm’s 50 day simple moving average is $97.53 and its 200 day simple moving average is $84.28.

Modine Manufacturing (NYSE:MOD) last announced its 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 net margin of 6.71% and a return on equity of 24.69%. The company had revenue of $603.50 million for the quarter, compared to analysts’ expectations of $605.44 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Modine Manufacturing will post 3.7 EPS for the current year.

Analysts Set New Price Targets

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

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.