F M Investments LLC Has $26.69 Million Stock Position in Modine Manufacturing (NYSE:MOD)

F M Investments LLC lessened its holdings in shares of Modine Manufacturing (NYSE:MOD) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,963 shares of the auto parts company’s stock after selling 24,610 shares during the period. Modine Manufacturing accounts for 0.9% of F M Investments LLC’s holdings, making the stock its 17th biggest holding. F M Investments LLC owned about 0.38% of Modine Manufacturing worth $26,686,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MOD. Commonwealth Equity Services LLC acquired a new position in shares of Modine Manufacturing during the first quarter worth $626,000. BNP Paribas Financial Markets lifted its holdings in shares of Modine Manufacturing by 9.2% during the first quarter. BNP Paribas Financial Markets now owns 34,995 shares of the auto parts company’s stock worth $3,331,000 after purchasing an additional 2,951 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Modine Manufacturing during the first quarter worth $833,000. Nordea Investment Management AB lifted its holdings in shares of Modine Manufacturing by 0.4% during the first quarter. Nordea Investment Management AB now owns 82,126 shares of the auto parts company’s stock worth $7,879,000 after purchasing an additional 338 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Modine Manufacturing during the first quarter worth $2,521,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday. William Blair started coverage on shares of Modine Manufacturing in a research note on Monday, July 29th. They set an “outperform” rating for the company. B. Riley lifted their target price on shares of Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, DA Davidson lifted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $146.67.

Modine Manufacturing Trading Down 5.2 %

MOD opened at $111.63 on Friday. The company has a fifty day moving average price of $122.85 and a two-hundred day moving average price of $108.54. The company has a market cap of $5.85 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 0.92 and a beta of 2.22. Modine Manufacturing has a 1-year low of $39.50 and a 1-year high of $141.72. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 24.79%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Analysts predict that Modine Manufacturing will post 3.86 EPS for the current fiscal year.

Insider Activity

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the sale, the director now owns 144,038 shares of the company’s stock, valued at $15,806,730.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by corporate insiders.

About Modine Manufacturing

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.