KBC Group NV Has $241,000 Stake in Modine Manufacturing (NYSE:MOD)

KBC Group NV raised its stake in Modine Manufacturing (NYSE:MOD) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,078 shares of the auto parts company’s stock after purchasing an additional 622 shares during the quarter. KBC Group NV’s holdings in Modine Manufacturing were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MOD. Private Trust Co. NA raised its position in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after buying an additional 670 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 acquiring an additional 491 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Modine Manufacturing during the third quarter valued at about $196,000. Finally, Sound Income Strategies LLC purchased a new position in Modine Manufacturing during the third quarter worth about $199,000. Institutional investors own 95.23% of the company’s stock.

Analysts Set New Price Targets

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

Modine Manufacturing Trading Up 2.0 %

Shares of MOD stock opened at $98.40 on Wednesday. The company has a market capitalization of $5.17 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 0.78 and a beta of 2.31. Modine Manufacturing has a 52-week low of $67.77 and a 52-week high of $146.84. The business’s fifty day moving average is $124.24 and its 200 day moving average is $120.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. On average, equities research analysts anticipate that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

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.