Moody Aldrich Partners LLC Acquires 4,400 Shares of Modine Manufacturing Company $MOD

Moody Aldrich Partners LLC grew its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 9.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 52,800 shares of the auto parts company’s stock after acquiring an additional 4,400 shares during the quarter. Modine Manufacturing comprises approximately 1.4% of Moody Aldrich Partners LLC’s holdings, making the stock its 7th largest position. Moody Aldrich Partners LLC owned approximately 0.10% of Modine Manufacturing worth $7,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Handelsbanken Fonder AB raised its stake in shares of Modine Manufacturing by 0.8% during the second 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. Northwestern Mutual Wealth Management Co. increased its stake in Modine Manufacturing by 5.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company’s stock valued at $154,000 after buying an additional 105 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Modine Manufacturing by 3.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company’s stock worth $453,000 after buying an additional 165 shares in the last quarter. Ethic Inc. lifted its stake in shares of Modine Manufacturing by 5.8% in the 2nd quarter. Ethic Inc. now owns 3,396 shares of the auto parts company’s stock worth $344,000 after acquiring an additional 185 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Modine Manufacturing by 52.6% in the second quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday. Oppenheimer boosted their price objective on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. DA Davidson reaffirmed a “buy” rating and set a $200.00 target price on shares of Modine Manufacturing in a research note on Wednesday, November 19th. KeyCorp boosted their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, UBS Group began coverage on shares of Modine Manufacturing in a report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Modine Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $182.00.

Modine Manufacturing Trading Down 1.6%

NYSE:MOD opened at $133.02 on Thursday. The stock has a fifty day simple moving average of $147.85 and a 200 day simple moving average of $134.98. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of 38.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $166.94. The company has a quick ratio of 1.16, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

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

Insider Activity at Modine Manufacturing

In related news, CEO Neil David Brinker sold 31,871 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 238,312 shares of the company’s stock, valued at approximately $38,263,374.72. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.48% of the company’s stock.

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.