2,015 Shares in Modine Manufacturing (NYSE:MOD) Purchased by American Trust

American Trust bought a new stake in Modine Manufacturing (NYSE:MOD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 2,015 shares of the auto parts company’s stock, valued at approximately $268,000.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co purchased a new position in shares of Modine Manufacturing in the second quarter valued at approximately $214,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Modine Manufacturing by 6.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,122 shares of the auto parts company’s stock worth $814,000 after acquiring an additional 514 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Modine Manufacturing during the second quarter worth $209,000. Fifth Third Bancorp acquired a new stake in shares of Modine Manufacturing in the second quarter valued at $64,000. Finally, Bay Rivers Group boosted its holdings in Modine Manufacturing by 25.3% in the second quarter. Bay Rivers Group now owns 5,387 shares of the auto parts company’s stock valued at $540,000 after purchasing an additional 1,087 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MOD shares. Oppenheimer boosted their target price on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson boosted their price objective on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $146.67.

Modine Manufacturing Stock Up 3.0 %

Modine Manufacturing stock opened at $132.08 on Friday. The stock has a market cap of $6.93 billion, a PE ratio of 43.31, a P/E/G ratio of 1.01 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The stock’s fifty day moving average is $130.36 and its two-hundred day moving average is $115.63. Modine Manufacturing has a 1-year low of $54.35 and a 1-year high of $146.84.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. On average, sell-side analysts expect that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Modine Manufacturing 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.