B. Metzler seel. Sohn & Co. AG Purchases 5,343 Shares of Modine Manufacturing (NYSE:MOD)

B. Metzler seel. Sohn & Co. AG raised its position in Modine Manufacturing (NYSE:MOD) by 54.1% during the 4th quarter, HoldingsChannel reports. The fund owned 15,217 shares of the auto parts company’s stock after buying an additional 5,343 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Modine Manufacturing were worth $1,764,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Modine Manufacturing by 567.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. Principal Securities Inc. increased its stake in Modine Manufacturing by 97.8% in the 4th quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after buying an additional 269 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after buying an additional 82 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Modine Manufacturing by 34.4% during the 4th quarter. Rothschild Investment LLC now owns 1,720 shares of the auto parts company’s stock worth $199,000 after buying an additional 440 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Modine Manufacturing by 8.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company’s stock valued at $208,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Insider Buying and Selling

In other Modine Manufacturing news, Director William A. Wulfsohn purchased 2,530 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the acquisition, the director now directly owns 7,277 shares of the company’s stock, valued at $578,012.11. This trade represents a 53.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Modine Manufacturing in a report on Monday, March 17th.

Modine Manufacturing Stock Performance

NYSE MOD opened at $85.37 on Thursday. The firm’s fifty day moving average price is $90.52 and its two-hundred day moving average price is $114.82. Modine Manufacturing has a 1 year low of $72.49 and a 1 year high of $146.84. The firm has a market capitalization of $4.49 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 0.71 and a beta of 2.48. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. As a group, research analysts anticipate that Modine Manufacturing will post 3.88 EPS for the current year.

Modine Manufacturing announced that its Board of Directors has approved a stock repurchase program on Friday, March 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the auto parts company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.