Modine Manufacturing (NYSE:MOD) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its stake in shares of Modine Manufacturing (NYSE:MOD) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,831 shares of the auto parts company’s stock after selling 1,886 shares during the period. Apollon Wealth Management LLC’s holdings in Modine Manufacturing were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC increased its holdings in Modine Manufacturing by 14.0% in the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after purchasing an additional 543,419 shares during the last quarter. State Street Corp lifted its position in shares of Modine Manufacturing by 1.5% during 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 grew its holdings in shares of Modine Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company’s stock valued at $155,522,000 after purchasing an additional 9,648 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Modine Manufacturing by 2.4% in the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock valued at $153,072,000 after purchasing an additional 26,527 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Modine Manufacturing during the 3rd quarter worth approximately $91,193,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

MOD stock opened at $92.38 on Friday. The business has a 50 day moving average price of $117.09 and a 200 day moving average price of $120.12. The company has a quick ratio of 1.09, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a fifty-two week low of $75.23 and a fifty-two week high of $146.84. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Modine Manufacturing will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price target on shares of 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.