Kestra Private Wealth Services LLC Purchases 444 Shares of Modine Manufacturing (NYSE:MOD)

Kestra Private Wealth Services LLC boosted its stake in shares of Modine Manufacturing (NYSE:MOD) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,226 shares of the auto parts company’s stock after buying an additional 444 shares during the period. Kestra Private Wealth Services LLC’s holdings in Modine Manufacturing were worth $606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake 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 valued at $157,000 after purchasing an additional 82 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in Modine Manufacturing by 2.9% during the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after purchasing an additional 279 shares during the last quarter. Inspire Investing LLC boosted its stake in Modine Manufacturing by 10.4% during the 4th quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 325 shares during the last quarter. Bay Rivers Group boosted its stake in Modine Manufacturing by 6.3% during the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock valued at $760,000 after purchasing an additional 340 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in Modine Manufacturing by 18.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock valued at $274,000 after purchasing an additional 363 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

NYSE:MOD opened at $92.38 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $117.09 and its two-hundred day simple moving average is $120.12. The stock has a market cap of $4.86 billion, a PE ratio of 31.00, a P/E/G ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a 52 week low of $75.23 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MOD) last issued 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 return on equity of 24.25% and a net margin of 6.31%. As a group, analysts forecast that Modine Manufacturing will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

About Modine Manufacturing

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.