Harbor Capital Advisors Inc. Has $6.64 Million Position in Modine Manufacturing (NYSE:MOD)

Harbor Capital Advisors Inc. lowered its position in shares of Modine Manufacturing (NYSE:MOD) by 18.0% in the fourth quarter, Holdings Channel reports. The firm owned 57,271 shares of the auto parts company’s stock after selling 12,568 shares during the period. Harbor Capital Advisors Inc.’s holdings in Modine Manufacturing were worth $6,639,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MOD. DekaBank Deutsche Girozentrale acquired a new position in Modine Manufacturing during the second quarter worth $68,000. Private Trust Co. NA boosted its holdings in Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 670 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Modine Manufacturing by 90.9% during 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 during the last quarter. KBC Group NV boosted its holdings in Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 471 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Modine Manufacturing during the third quarter worth $196,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of MOD stock traded down $2.69 on Friday, hitting $118.41. The company’s stock had a trading volume of 267,752 shares, compared to its average volume of 612,940. 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’s 50 day moving average is $126.68 and its 200-day moving average is $118.88. Modine Manufacturing has a fifty-two week low of $60.00 and a fifty-two week high of $146.84. The company has a market capitalization of $6.22 billion, a PE ratio of 38.82, a PEG ratio of 1.01 and a beta of 2.34.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (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 the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Equities research analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MOD has been the subject of several recent research reports. DA Davidson increased their target price 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. Oppenheimer upped their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.