Modine Manufacturing (NYSE:MOD) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Modine Manufacturing (NYSE:MOD) by 3.2% during the third quarter, Holdings Channel.com reports. The fund owned 4,755 shares of the auto parts company’s stock after selling 157 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Modine Manufacturing were worth $629,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Banque Cantonale Vaudoise boosted its stake in Modine Manufacturing by 9.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 104 shares in the last quarter. Xponance Inc. lifted its stake in shares of Modine Manufacturing by 4.9% during the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after buying an additional 153 shares during the period. Ameritas Advisory Services LLC increased its position in shares of Modine Manufacturing by 2.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock valued at $701,000 after acquiring an additional 200 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Modine Manufacturing by 7.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 212 shares during the period. Finally, Arizona State Retirement System raised its stake in Modine Manufacturing by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company’s stock worth $1,391,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of MOD opened at $117.66 on Thursday. The business’s 50-day moving average is $129.96 and its two-hundred day moving average is $116.30. The company has a market capitalization of $6.18 billion, a P/E ratio of 38.58, a P/E/G ratio of 1.01 and a beta of 2.31. Modine Manufacturing has a fifty-two week low of $56.62 and a fifty-two week high of $146.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on MOD shares. DA Davidson lifted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Oppenheimer lifted their target price on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing 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.