Citadel Advisors LLC raised its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 275.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,058 shares of the auto parts company’s stock after buying an additional 39,645 shares during the quarter. Citadel Advisors LLC owned about 0.11% of Modine Manufacturing worth $895,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC grew its holdings in shares of Modine Manufacturing by 0.6% during the second quarter. Aperio Group LLC now owns 13,495 shares of the auto parts company’s stock worth $223,000 after buying an additional 78 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Modine Manufacturing by 3.2% during the 2nd quarter. Legal & General Group Plc now owns 16,260 shares of the auto parts company’s stock valued at $269,000 after acquiring an additional 497 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Modine Manufacturing by 4.2% during the 2nd quarter. BB&T Securities LLC now owns 13,600 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 550 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Modine Manufacturing by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 63,347 shares of the auto parts company’s stock valued at $1,048,000 after acquiring an additional 985 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Modine Manufacturing by 11.5% during the 1st quarter. Bank of America Corp DE now owns 9,799 shares of the auto parts company’s stock valued at $120,000 after acquiring an additional 1,008 shares during the last quarter. 83.37% of the stock is owned by institutional investors and hedge funds.

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Modine Manufacturing Company (NYSE MOD) opened at 20.00 on Friday. The stock’s 50 day moving average is $17.35 and its 200 day moving average is $15.06. The firm has a market cap of $1.00 billion, a PE ratio of 43.48 and a beta of 1.23. Modine Manufacturing Company has a 12 month low of $9.25 and a 12 month high of $20.30.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The firm had revenue of $515.50 million during the quarter, compared to analysts’ expectations of $482.70 million. Modine Manufacturing had a return on equity of 11.16% and a net margin of 1.35%. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, equities analysts forecast that Modine Manufacturing Company will post $1.41 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised shares of Modine Manufacturing from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Modine Manufacturing currently has a consensus rating of “Hold”.

In related news, insider Thomas Andrew Burke sold 84,980 shares of Modine Manufacturing stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $16.19, for a total transaction of $1,375,826.20. Following the completion of the sale, the insider now owns 454,673 shares in the company, valued at approximately $7,361,155.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.42% of the company’s stock.

Modine Manufacturing Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

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Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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