Versor Investments LP Invests $427,000 in Modine Manufacturing Company $MOD

Versor Investments LP bought a new position in shares of Modine Manufacturing Company (NYSE:MOD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,200 shares of the auto parts company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management bought a new stake in shares of Modine Manufacturing during the fourth quarter worth $27,000. First Horizon Corp bought a new stake in shares of Modine Manufacturing during the third quarter worth $38,000. Sunbelt Securities Inc. bought a new stake in shares of Modine Manufacturing during the third quarter worth $39,000. Danske Bank A S bought a new stake in shares of Modine Manufacturing during the third quarter worth $43,000. Finally, AdvisorShares Investments LLC lifted its position in shares of Modine Manufacturing by 154.0% during the third quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 288 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Performance

MOD stock opened at $292.46 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The business has a 50-day moving average price of $231.58 and a 200 day moving average price of $186.81. The company has a market capitalization of $15.42 billion, a P/E ratio of 162.48, a PEG ratio of 1.14 and a beta of 1.66. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $294.06.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MOD. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Roth Mkm began coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They set a “buy” rating and a $263.00 target price for the company. Oppenheimer lifted their target price on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.33.

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.