Choreo LLC Has $502,000 Stake in Modine Manufacturing (NYSE:MOD)

Choreo LLC decreased its position in Modine Manufacturing (NYSE:MOD) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,267 shares of the auto parts company’s stock after selling 1,610 shares during the quarter. Choreo LLC’s holdings in Modine Manufacturing were worth $502,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock worth $586,657,000 after acquiring an additional 543,419 shares in the last quarter. State Street Corp boosted its holdings in Modine Manufacturing by 1.5% in the third quarter. State Street Corp now owns 1,219,916 shares of the auto parts company’s stock worth $161,993,000 after purchasing an additional 18,108 shares in the last quarter. Geode Capital Management LLC increased its position in Modine Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company’s stock worth $155,522,000 after buying an additional 9,648 shares during the last quarter. Principal Financial Group Inc. increased its position in Modine Manufacturing by 2.4% during the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock worth $153,072,000 after buying an additional 26,527 shares during the last quarter. Finally, Wasatch Advisors LP acquired a new stake in shares of Modine Manufacturing in the third quarter worth about $91,193,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $97.31 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $120.64 and a 200-day simple moving average of $120.59. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a 1-year low of $69.12 and a 1-year high of $146.84.

Modine Manufacturing (NYSE:MOD) last released 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%. On average, sell-side analysts expect that Modine Manufacturing will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.