Williams & Novak LLC Has $625,000 Stock Holdings in Modine Manufacturing (NYSE:MOD)

Williams & Novak LLC decreased its position in Modine Manufacturing (NYSE:MOD) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,395 shares of the auto parts company’s stock after selling 255 shares during the quarter. Williams & Novak LLC’s holdings in Modine Manufacturing were worth $625,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares in the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after buying an additional 279 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Modine Manufacturing by 58.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock worth $9,274,000 after buying an additional 25,648 shares in the last quarter. Campbell Newman Asset Management Inc. grew its holdings in Modine Manufacturing by 38.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company’s stock worth $2,811,000 after acquiring an additional 6,786 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Modine Manufacturing by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 157,200 shares of the auto parts company’s stock valued at $20,875,000 after acquiring an additional 26,348 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Trading Down 3.0 %

Shares of MOD opened at $94.56 on Wednesday. The stock’s fifty day simple moving average is $128.19 and its 200-day simple moving average is $121.27. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.96 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.10 and a beta of 2.34. Modine Manufacturing has a 12-month low of $60.00 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current year.

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.