Entropy Technologies LP Invests $452,000 in Modine Manufacturing (NYSE:MOD)

Entropy Technologies LP acquired a new stake in Modine Manufacturing (NYSE:MOD) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,900 shares of the auto parts company’s stock, valued at approximately $452,000.

Other hedge funds have also recently modified their holdings of the company. Elm3 Financial Group LLC purchased a new stake in shares of Modine Manufacturing during the 4th quarter valued at $681,000. Nvwm LLC boosted its stake in Modine Manufacturing by 12.3% in the fourth quarter. Nvwm LLC now owns 8,772 shares of the auto parts company’s stock valued at $1,017,000 after acquiring an additional 962 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Modine Manufacturing by 16.6% during the 4th quarter. Calamos Advisors LLC now owns 29,695 shares of the auto parts company’s stock worth $3,443,000 after purchasing an additional 4,229 shares during the last quarter. Spire Wealth Management increased its stake in shares of Modine Manufacturing by 3.0% during the 4th quarter. Spire Wealth Management now owns 20,662 shares of the auto parts company’s stock worth $2,395,000 after purchasing an additional 607 shares during the last quarter. Finally, EMC Capital Management raised its holdings in shares of Modine Manufacturing by 591.0% in the 4th quarter. EMC Capital Management now owns 5,618 shares of the auto parts company’s stock worth $651,000 after purchasing an additional 4,805 shares during the period. Institutional investors own 95.23% of the company’s stock.

Analyst Ratings Changes

Separately, Oppenheimer increased their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Modine Manufacturing Stock Up 0.3 %

Shares of NYSE MOD opened at $97.42 on Thursday. The business has a 50-day simple moving average of $119.80 and a two-hundred day simple moving average of $120.54. Modine Manufacturing has a 52 week low of $69.12 and a 52 week high of $146.84. The company has a market cap of $5.12 billion, a P/E ratio of 32.69, a P/E/G ratio of 0.75 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Research analysts anticipate that Modine Manufacturing will post 3.85 earnings per share for the current fiscal year.

About Modine Manufacturing

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.