Wisconsin Capital Management LLC Increases Stock Position in Modine Manufacturing Company $MOD

Wisconsin Capital Management LLC grew its holdings in Modine Manufacturing Company (NYSE:MOD) by 227.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,071 shares of the auto parts company’s stock after purchasing an additional 16,034 shares during the quarter. Modine Manufacturing makes up approximately 1.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 21st largest holding. Wisconsin Capital Management LLC’s holdings in Modine Manufacturing were worth $3,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Modine Manufacturing by 13.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 84,616 shares of the auto parts company’s stock worth $12,512,000 after acquiring an additional 9,989 shares during the last quarter. Schear Investment Advisers LLC acquired a new stake in shares of Modine Manufacturing during the second quarter valued at $1,547,000. Principal Financial Group Inc. increased its position in Modine Manufacturing by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 749,845 shares of the auto parts company’s stock worth $106,598,000 after purchasing an additional 6,847 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Modine Manufacturing by 390.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,861 shares of the auto parts company’s stock valued at $2,397,000 after purchasing an additional 13,424 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Modine Manufacturing by 12.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 48,189 shares of the auto parts company’s stock valued at $6,851,000 after purchasing an additional 5,319 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $211.75 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 117.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.67. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $243.80. The company has a 50 day moving average price of $173.71 and a 200 day moving average price of $156.74.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $805.00 million for the quarter, compared to analyst estimates of $763.54 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. Modine Manufacturing’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. Sell-side analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total transaction of $202,477.00. Following the completion of the sale, the director owned 79,856 shares of the company’s stock, valued at approximately $14,699,093.92. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MOD. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Roth Mkm began coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They set a “buy” rating and a $263.00 target price on the stock. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Zacks Research raised Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, UBS Group began coverage on Modine Manufacturing in a research report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $223.20.

Modine Manufacturing 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.