Modine Manufacturing (NYSE:MOD) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Modine Manufacturing (NYSE:MOD) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,892 shares of the auto parts company’s stock after acquiring an additional 8,823 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.10% of Modine Manufacturing worth $5,784,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Modine Manufacturing by 65.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 22,530 shares of the auto parts company’s stock worth $2,612,000 after acquiring an additional 8,945 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of Modine Manufacturing in the 4th quarter worth about $612,000. Rothschild Investment LLC increased its holdings in shares of Modine Manufacturing by 34.4% in the 4th quarter. Rothschild Investment LLC now owns 1,720 shares of the auto parts company’s stock worth $199,000 after acquiring an additional 440 shares during the period. Navellier & Associates Inc. increased its holdings in shares of Modine Manufacturing by 58.8% in the 4th quarter. Navellier & Associates Inc. now owns 10,824 shares of the auto parts company’s stock worth $1,255,000 after acquiring an additional 4,006 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Modine Manufacturing in the 4th quarter worth about $267,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 6.6 %

Modine Manufacturing stock opened at $84.61 on Friday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.71 and a beta of 2.31. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $109.18 and its two-hundred day moving average price is $119.08. Modine Manufacturing has a 52 week low of $78.42 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. On average, analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal 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.