Modine Manufacturing (NYSE:MOD) Stock Price Down 5.4% – Time to Sell?

Shares of Modine Manufacturing (NYSE:MOD) fell 5.4% on Wednesday . The company traded as low as $131.05 and last traded at $131.25. 181,385 shares were traded during trading, a decline of 79% from the average session volume of 844,793 shares. The stock had previously closed at $138.80.

Analyst Upgrades and Downgrades

MOD has been the subject of several research analyst reports. Oppenheimer increased their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson raised their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, B. Riley upped their price objective on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.67.

Modine Manufacturing Price Performance

The company has a market capitalization of $7.00 billion, a PE ratio of 43.73, a P/E/G ratio of 1.02 and a beta of 2.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The stock has a 50 day moving average price of $129.55 and a two-hundred day moving average price of $113.15.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 23.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities analysts forecast that Modine Manufacturing will post 3.83 earnings per share for the current year.

Institutional Investors Weigh In On Modine Manufacturing

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOD. Banque Cantonale Vaudoise lifted its stake in shares of Modine Manufacturing by 9.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after buying an additional 104 shares during the last quarter. Xponance Inc. lifted its position in Modine Manufacturing by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after acquiring an additional 153 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Modine Manufacturing by 0.7% during the second quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock valued at $2,123,000 after acquiring an additional 155 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of Modine Manufacturing by 2.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 200 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Modine Manufacturing by 7.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 212 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

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.