Modine Manufacturing (NYSE:MOD) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in shares of Modine Manufacturing (NYSE:MOD) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,814 shares of the auto parts company’s stock after selling 4,668 shares during the period. Sanctuary Advisors LLC’s holdings in Modine Manufacturing were worth $674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after purchasing an additional 82 shares in the last quarter. Principal Securities Inc. increased its position in shares of Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock worth $63,000 after purchasing an additional 269 shares in the last quarter. Legend Financial Advisors Inc. increased its position in Modine Manufacturing by 2.9% in 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 acquiring an additional 279 shares during the period. Inspire Investing LLC increased its position in Modine Manufacturing by 10.4% in the 4th quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after acquiring an additional 325 shares during the period. Finally, Sovereign Financial Group Inc. increased its position in Modine Manufacturing by 18.1% in the 4th quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock valued at $274,000 after acquiring an additional 363 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $84.61 on Friday. The stock has a market capitalization of $4.45 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31. Modine Manufacturing has a 52-week low of $78.42 and a 52-week high of $146.84. The stock’s 50-day moving average price is $109.18 and its 200 day moving average price is $119.08. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Modine Manufacturing will post 3.88 EPS for the current 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.