Aristides Capital LLC Sells 3,000 Shares of Modine Manufacturing (NYSE:MOD)

Aristides Capital LLC lowered its holdings in shares of Modine Manufacturing (NYSE:MOD) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,000 shares of the auto parts company’s stock after selling 3,000 shares during the period. Aristides Capital LLC’s holdings in Modine Manufacturing were worth $1,403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MOD. Acadian Asset Management LLC purchased a new stake in Modine Manufacturing during the 1st quarter valued at about $37,000. Opal Wealth Advisors LLC bought a new position in shares of Modine Manufacturing during the second quarter valued at about $51,000. West Oak Capital LLC boosted its holdings in shares of Modine Manufacturing by 300.0% during the second quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 450 shares during the period. Fifth Third Bancorp bought a new position in Modine Manufacturing during the 2nd quarter valued at approximately $64,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Modine Manufacturing in the 2nd quarter worth approximately $68,000. Institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MOD shares. B. Riley lifted their price target on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Modine Manufacturing in a research report on Thursday, September 12th. DA Davidson increased their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, William Blair began coverage on Modine Manufacturing in a research note on Monday, July 29th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.33.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the sale, the director now owns 144,038 shares of the company’s stock, valued at $15,806,730.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

Modine Manufacturing Trading Up 0.9 %

Shares of NYSE:MOD opened at $132.87 on Tuesday. Modine Manufacturing has a 1 year low of $38.50 and a 1 year high of $138.99. The stock’s fifty day moving average price is $111.50 and its 200-day moving average price is $102.87. The company has a market cap of $6.96 billion, a P/E ratio of 43.85, a PEG ratio of 0.97 and a beta of 2.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.11.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.18. The firm had revenue of $661.50 million during the quarter, compared to analysts’ expectations of $633.55 million. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Sell-side analysts expect that Modine Manufacturing will post 3.85 earnings per share for the current year.

Modine Manufacturing 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.