West Oak Capital LLC Acquires 1,790 Shares of Modine Manufacturing (NYSE:MOD)

West Oak Capital LLC boosted its holdings in Modine Manufacturing (NYSE:MOD) by 298.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,390 shares of the auto parts company’s stock after purchasing an additional 1,790 shares during the period. West Oak Capital LLC’s holdings in Modine Manufacturing were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after acquiring an additional 543,419 shares during the period. State Street Corp grew its stake in Modine Manufacturing by 1.5% in the third quarter. State Street Corp now owns 1,219,916 shares of the auto parts company’s stock valued at $161,993,000 after acquiring an additional 18,108 shares during the period. Geode Capital Management LLC grew its stake in Modine Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company’s stock valued at $155,522,000 after acquiring an additional 9,648 shares during the period. Principal Financial Group Inc. grew its stake in Modine Manufacturing by 2.4% in the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock valued at $153,072,000 after acquiring an additional 26,527 shares during the period. Finally, Driehaus Capital Management LLC boosted its position in shares of Modine Manufacturing by 32.8% during the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock valued at $110,403,000 after buying an additional 272,174 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Modine Manufacturing Trading Down 1.7 %

Shares of NYSE:MOD traded down $2.10 during trading on Friday, reaching $119.00. 638,703 shares of the company were exchanged, compared to its average volume of 675,567. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The business’s fifty day simple moving average is $126.68 and its 200-day simple moving average is $118.88. Modine Manufacturing has a 12-month low of $60.00 and a 12-month high of $146.84. The firm has a market capitalization of $6.25 billion, a PE ratio of 39.02, a P/E/G ratio of 1.01 and a beta of 2.34.

Modine Manufacturing (NYSE:MOD) last announced its earnings results 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. 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 during the quarter, compared to the consensus estimate of $646.86 million. During the same period last year, the firm earned $0.89 earnings per share. Modine Manufacturing’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that Modine Manufacturing will post 3.83 EPS for the current year.

About Modine Manufacturing

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.