Rhumbline Advisers Acquires 1,539 Shares of Modine Manufacturing (NYSE:MOD)

Rhumbline Advisers boosted its holdings in shares of Modine Manufacturing (NYSE:MOD) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 79,664 shares of the auto parts company’s stock after purchasing an additional 1,539 shares during the quarter. Rhumbline Advisers’ holdings in Modine Manufacturing were worth $9,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MOD. Private Trust Co. NA lifted its holdings in shares of Modine Manufacturing by 650.5% during 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 during the period. Farther Finance Advisors LLC raised its position in Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 during the period. KBC Group NV raised its position in shares of Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after acquiring an additional 471 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Modine Manufacturing in the third quarter worth approximately $196,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of MOD opened at $83.31 on Tuesday. The firm’s fifty day simple moving average is $112.10 and its two-hundred day simple moving average is $119.80. Modine Manufacturing has a 12 month low of $78.85 and a 12 month high of $146.84. The stock has a market capitalization of $4.38 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31. 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 posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, analysts predict that Modine Manufacturing will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.