Gamco Investors INC. ET AL Has $116.40 Million Stock Position in Modine Manufacturing Company $MOD

Gamco Investors INC. ET AL lowered its position in Modine Manufacturing Company (NYSE:MOD) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,181,756 shares of the auto parts company’s stock after selling 4,074 shares during the quarter. Modine Manufacturing accounts for about 1.2% of Gamco Investors INC. ET AL’s holdings, making the stock its 11th largest position. Gamco Investors INC. ET AL owned 2.25% of Modine Manufacturing worth $116,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MOD. Parkside Financial Bank & Trust lifted its position in Modine Manufacturing by 2,025.0% in the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 405 shares during the period. Maseco LLP acquired a new position in shares of Modine Manufacturing in the 2nd quarter valued at $51,000. GAMMA Investing LLC lifted its holdings in shares of Modine Manufacturing by 52.6% during the 2nd quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 193 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Modine Manufacturing during the 2nd quarter worth about $57,000. Finally, Allworth Financial LP boosted its position in shares of Modine Manufacturing by 522.4% during the 2nd quarter. Allworth Financial LP now owns 722 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 606 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the sale, the chief executive officer owned 238,312 shares in the company, valued at approximately $38,263,374.72. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.48% of the stock is currently owned by corporate insiders.

Modine Manufacturing Trading Up 1.9%

MOD stock opened at $162.89 on Friday. The business has a fifty day moving average price of $151.40 and a 200 day moving average price of $128.76. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $166.94. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 47.08, a P/E/G ratio of 1.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The company had revenue of $738.90 million for the quarter, compared to analyst estimates of $699.91 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

MOD has been the subject of several recent research reports. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. KeyCorp increased their target price on Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. UBS Group initiated coverage on Modine Manufacturing in a research report on Thursday, November 20th. They set a “buy” rating and a $173.00 target price for the company. Oppenheimer upped their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, DA Davidson reiterated a “buy” rating and set a $200.00 price objective on shares of Modine Manufacturing in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.