Modine Manufacturing Company $MOD Holdings Trimmed by Expect Equity LLC

Expect Equity LLC trimmed its position in shares of Modine Manufacturing Company (NYSE:MOD) by 21.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,575 shares of the auto parts company’s stock after selling 4,200 shares during the period. Modine Manufacturing accounts for 2.0% of Expect Equity LLC’s investment portfolio, making the stock its 24th biggest holding. Expect Equity LLC’s holdings in Modine Manufacturing were worth $2,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Modine Manufacturing by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock worth $2,857,000 after purchasing an additional 7,831 shares in the last quarter. California Public Employees Retirement System grew its position in Modine Manufacturing by 8.3% during the 2nd quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock worth $6,767,000 after purchasing an additional 5,244 shares in the last quarter. State Street Corp grew its position in Modine Manufacturing by 4.2% during the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after purchasing an additional 53,351 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Modine Manufacturing by 106.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock valued at $15,890,000 after acquiring an additional 83,105 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Modine Manufacturing by 70.8% during the 2nd quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock valued at $30,501,000 after acquiring an additional 128,348 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Up 0.0%

MOD stock opened at $285.09 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. Modine Manufacturing Company has a 1 year low of $86.48 and a 1 year high of $323.25. The company has a fifty day simple moving average of $264.32 and a 200 day simple moving average of $208.21. The firm has a market cap of $15.06 billion, a PE ratio of 127.27, a PEG ratio of 0.92 and a beta of 1.65.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. During the same quarter in the previous year, the business earned $1.12 EPS. Modine Manufacturing’s quarterly revenue was up 47.5% compared to the same quarter last year. Sell-side analysts anticipate that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MOD. Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 28th. B. Riley Financial boosted their price target on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group boosted their price target on shares of Modine Manufacturing to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Glj Research restated a “buy” rating and set a $428.00 price target on shares of Modine Manufacturing in a report on Monday, June 1st. Finally, Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Modine Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $327.14.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.