Police & Firemen s Retirement System of New Jersey Increases Stake in Modine Manufacturing Company $MOD

Police & Firemen s Retirement System of New Jersey raised its holdings in Modine Manufacturing Company (NYSE:MOD) by 7.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,806 shares of the auto parts company’s stock after acquiring an additional 788 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Modine Manufacturing were worth $1,163,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Modine Manufacturing by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company’s stock worth $398,145,000 after acquiring an additional 128,587 shares during the period. Wellington Management Group LLP boosted its holdings in Modine Manufacturing by 293.7% in the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company’s stock valued at $189,479,000 after purchasing an additional 1,841,640 shares during the period. Geode Capital Management LLC grew its stake in Modine Manufacturing by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company’s stock worth $119,690,000 after purchasing an additional 14,096 shares in the last quarter. Reinhart Partners LLC. increased its holdings in Modine Manufacturing by 24.6% during the 2nd quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company’s stock worth $107,520,000 after purchasing an additional 215,727 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Modine Manufacturing by 27.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company’s stock worth $64,653,000 after purchasing an additional 180,539 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Wednesday. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. KeyCorp lifted their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. DA Davidson reiterated a “buy” rating and set a $200.00 price target on shares of Modine Manufacturing in a report on Wednesday. Finally, UBS Group assumed coverage on shares of Modine Manufacturing in a research report on Thursday. They issued a “buy” rating and a $173.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Modine Manufacturing Price Performance

MOD stock opened at $142.64 on Friday. The business has a 50 day moving average price of $149.34 and a 200 day moving average price of $124.45. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 0.98 and a beta of 2.07. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $166.94.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.97 by $0.09. The company had revenue of $738.90 million for the quarter, compared to analyst estimates of $699.91 million. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Modine Manufacturing Company Profile

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.