Modine Manufacturing Target of Unusually Large Options Trading (NYSE:MOD)

Modine Manufacturing Company (NYSE:MOD) was the target of unusually large options trading activity on Friday. Traders acquired 5,600 call options on the stock. This is an increase of 254% compared to the average daily volume of 1,580 call options.

Modine Manufacturing News Summary

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine and Gentherm announced a reverse Morris Trust combination of Modine’s Performance Technologies business into Gentherm (transaction value ~ $1.0B), positioning the combined company as a scaled thermal-management leader with expected synergies and a more balanced revenue mix — a structural strategic move that accelerates Modine’s shift toward higher-margin climate solutions. Gentherm and Modine press release
• Positive Sentiment: Market coverage and headlines show the deal taking shape, which sparked the intraday rally as investors priced in value from the combination and expected synergies. MSN article
• Positive Sentiment: Zacks reports MOD shares surged ~20.3% on above-average volume; the piece notes recent upward earnings-estimate revisions that can support further near-term upside. Zacks: Modine Soars
• Positive Sentiment: DA Davidson has reaffirmed a “Buy” rating on MOD with a $200 price target (about a low-double-digit percent upside versus prior levels), providing fresh analyst support that can attract more buyers. AmericanBankingNews: DA Davidson Buy
• Neutral Sentiment: Management-hosted transcripts of Modine’s M&A and strategy calls (including discussion of a potential spin-off and the Performance Technologies combination) are available — these provide detail but execution and regulatory steps remain key for final outcome. Seeking Alpha: Spin-off & combination transcript
• Neutral Sentiment: Additional Seeking Alpha transcript covers the M&A call; investors should watch for further specifics on timeline, synergies and shareholder mechanics. Seeking Alpha: M&A call transcript
• Neutral Sentiment: Background commentary pieces review Wall Street’s bullish views and analyst influence — useful context but less likely to move price than the transaction and fresh analyst rating. Zacks: Analyst views

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $150.00, for a total transaction of $165,000.00. Following the completion of the sale, the director owned 80,956 shares of the company’s stock, valued at $12,143,400. This represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the completion of the transaction, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. The trade was a 11.80% decrease in their position. The SEC filing for this sale provides additional information. 2.48% of the stock is currently owned by company insiders.

Institutional Trading of Modine Manufacturing

Several institutional investors and hedge funds have recently modified their holdings of MOD. Parkside Financial Bank & Trust boosted its holdings in Modine Manufacturing by 17.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 75 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Modine Manufacturing by 0.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company’s stock valued at $1,290,000 after purchasing an additional 100 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Modine Manufacturing by 3.4% in the fourth quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock valued at $421,000 after purchasing an additional 103 shares during the period. Intrust Bank NA grew its position in Modine Manufacturing by 2.3% during the third quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after buying an additional 109 shares during the period. Finally, BCS Private Wealth Management Inc. increased its holdings in Modine Manufacturing by 2.8% in the third quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company’s stock valued at $643,000 after buying an additional 125 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 6.1%

NYSE MOD traded up $10.76 during trading hours on Friday, reaching $187.48. 929,717 shares of the company’s stock traded hands, compared to its average volume of 1,589,048. Modine Manufacturing has a 52-week low of $64.79 and a 52-week high of $190.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The firm has a 50-day simple moving average of $143.25 and a 200 day simple moving average of $140.38. The firm has a market cap of $9.87 billion, a PE ratio of 54.18, a PEG ratio of 0.93 and a beta of 1.70.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a research report on Monday, December 29th. KeyCorp upped their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. UBS Group started coverage on shares of Modine Manufacturing in a report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $200.00 target price on shares of Modine Manufacturing in a research report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and issued a $220.00 price target on shares of Modine Manufacturing in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.00.

Modine Manufacturing Company Profile

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.