Natixis Advisors LLC Acquires New Stake in Modine Manufacturing (NYSE:MOD)

Natixis Advisors LLC bought a new position in shares of Modine Manufacturing (NYSE:MOD) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 13,970 shares of the auto parts company’s stock, valued at approximately $1,855,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Modine Manufacturing by 27.3% in the first quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company’s stock worth $372,099,000 after acquiring an additional 838,460 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Modine Manufacturing in the 1st quarter valued at $37,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Modine Manufacturing by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,383 shares of the auto parts company’s stock valued at $3,654,000 after purchasing an additional 1,901 shares during the last quarter. Castleark Management LLC increased its position in shares of Modine Manufacturing by 4.8% during the first quarter. Castleark Management LLC now owns 69,580 shares of the auto parts company’s stock worth $6,623,000 after buying an additional 3,170 shares during the period. Finally, Virtu Financial LLC bought a new position in Modine Manufacturing during the first quarter worth $1,739,000. Institutional investors own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MOD shares. DA Davidson upped their target price on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. B. Riley boosted their target price on Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair began coverage on Modine Manufacturing in a report on Monday, July 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.67.

Modine Manufacturing Stock Down 4.1 %

Shares of NYSE MOD opened at $137.40 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The company has a 50-day moving average price of $128.63 and a 200-day moving average price of $112.62. The stock has a market capitalization of $7.21 billion, a P/E ratio of 45.05, a P/E/G ratio of 1.10 and a beta of 2.25. Modine Manufacturing has a 1 year low of $48.88 and a 1 year high of $146.84.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. On average, equities research analysts forecast that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

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.