Modine Manufacturing (NYSE:MOD) Stock Price Down 3.8% – Should You Sell?

Modine Manufacturing (NYSE:MOD) shares fell 3.8% on Friday . The stock traded as low as $135.52 and last traded at $134.62. 225,739 shares were traded during trading, a decline of 69% from the average session volume of 730,980 shares. The stock had previously closed at $140.00.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Stock Performance

The company has a market cap of $6.96 billion, a P/E ratio of 43.44, a P/E/G ratio of 1.10 and a beta of 2.34. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $128.76 and a two-hundred day simple moving average of $121.12.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data 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 firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. On average, sell-side analysts anticipate that Modine Manufacturing will post 3.83 EPS for the current year.

Institutional Investors Weigh In On Modine Manufacturing

A number of hedge funds have recently modified their holdings of MOD. Private Trust Co. NA increased its stake in shares of Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 670 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Modine Manufacturing by 90.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after buying an additional 491 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 82 shares during the period. KBC Group NV lifted its position in shares of Modine Manufacturing by 47.8% in the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after acquiring an additional 471 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Modine Manufacturing in the third quarter worth about $196,000. Institutional investors own 95.23% of the company’s stock.

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.