New York State Common Retirement Fund Acquires 10,545 Shares of Modine Manufacturing (NYSE:MOD)

New York State Common Retirement Fund boosted its stake in shares of Modine Manufacturing (NYSE:MOD) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,992 shares of the auto parts company’s stock after purchasing an additional 10,545 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Modine Manufacturing worth $3,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Modine Manufacturing by 51.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,172 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 400 shares during the last quarter. Jennison Associates LLC grew its holdings in Modine Manufacturing by 3.3% in the 4th quarter. Jennison Associates LLC now owns 15,233 shares of the auto parts company’s stock valued at $909,000 after buying an additional 493 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Modine Manufacturing by 49.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,206 shares of the auto parts company’s stock valued at $101,000 after buying an additional 734 shares in the last quarter. Strs Ohio increased its position in Modine Manufacturing by 28.6% during the 4th quarter. Strs Ohio now owns 3,600 shares of the auto parts company’s stock worth $214,000 after buying an additional 800 shares during the period. Finally, Moody National Bank Trust Division lifted its holdings in shares of Modine Manufacturing by 3.8% during the fourth quarter. Moody National Bank Trust Division now owns 23,890 shares of the auto parts company’s stock worth $1,426,000 after buying an additional 877 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, Director Christopher William Patterson sold 14,225 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $90.56, for a total value of $1,288,216.00. Following the transaction, the director now directly owns 97,517 shares of the company’s stock, valued at $8,831,139.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher William Patterson sold 14,225 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $90.56, for a total transaction of $1,288,216.00. Following the completion of the sale, the director now owns 97,517 shares in the company, valued at $8,831,139.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian Jon Agen sold 16,799 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $95.64, for a total value of $1,606,656.36. Following the transaction, the vice president now owns 102,409 shares in the company, valued at $9,794,396.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,336 shares of company stock valued at $10,330,115. Company insiders own 2.86% of the company’s stock.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $94.11 on Monday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.72 and a beta of 2.28. Modine Manufacturing has a 52-week low of $19.41 and a 52-week high of $106.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.93. The stock’s 50 day moving average price is $91.52 and its two-hundred day moving average price is $69.69.

Analyst Upgrades and Downgrades

MOD has been the topic of a number of analyst reports. Oppenheimer assumed coverage on shares of Modine Manufacturing in a research report on Tuesday, March 19th. They set an “outperform” rating and a $105.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $90.00 target price on shares of Modine Manufacturing in a research report on Tuesday, February 27th. StockNews.com cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $98.00 price objective (up previously from $88.00) on shares of Modine Manufacturing in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.67.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.