Fiera Capital Corp Purchases 85,617 Shares of Modine Manufacturing Company (NYSE:MOD)

Fiera Capital Corp grew its position in shares of Modine Manufacturing Company (NYSE:MODFree Report) by 54.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 243,127 shares of the auto parts company’s stock after acquiring an additional 85,617 shares during the period. Fiera Capital Corp’s holdings in Modine Manufacturing were worth $18,660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MOD. GAMMA Investing LLC boosted its holdings in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 142 shares during the period. Versant Capital Management Inc increased its position in shares of Modine Manufacturing by 245.9% in the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 300 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Modine Manufacturing in the first quarter valued at about $46,000. First Horizon Advisors Inc. increased its position in shares of Modine Manufacturing by 442.4% in the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 522 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 113 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on MOD shares. KeyCorp started coverage on Modine Manufacturing in a report on Thursday, June 12th. They issued an “overweight” rating and a $125.00 price objective for the company. Wall Street Zen upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Finally, Oppenheimer increased their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $135.50.

Get Our Latest Report on MOD

Modine Manufacturing Trading Up 6.4%

MOD opened at $112.24 on Wednesday. The stock has a market cap of $5.89 billion, a PE ratio of 32.82, a PEG ratio of 0.69 and a beta of 2.04. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $96.09 and a 200-day moving average of $93.29. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MODGet Free Report) last released its earnings results on Tuesday, May 20th. The auto parts company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16. The company had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $633.13 million. Modine Manufacturing had a return on equity of 25.31% and a net margin of 7.12%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Equities research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

About Modine Manufacturing

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modine Manufacturing Company (NYSE:MODFree Report).

Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

Receive News & Ratings for Modine Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modine Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.