Analytic Investors LLC decreased its position in Modine Manufacturing Company (NYSE:MOD) by 56.6% during the third quarter, Holdings Channel reports. The firm owned 12,142 shares of the company’s stock after selling 15,857 shares during the period. Analytic Investors LLC’s holdings in Modine Manufacturing Company were worth $144,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of Modine Manufacturing Company by 16.6% in the third quarter. First Trust Advisors LP now owns 25,972 shares of the company’s stock worth $308,000 after buying an additional 3,697 shares during the period. Nordea Investment Management AB boosted its stake in shares of Modine Manufacturing Company by 3.3% in the third quarter. Nordea Investment Management AB now owns 91,100 shares of the company’s stock worth $1,080,000 after buying an additional 2,900 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Modine Manufacturing Company by 0.9% in the third quarter. Wells Fargo & Company MN now owns 18,487 shares of the company’s stock worth $219,000 after buying an additional 173 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Modine Manufacturing Company during the second quarter worth approximately $410,000. Finally, Stifel Financial Corp boosted its stake in shares of Modine Manufacturing Company by 5.8% in the second quarter. Stifel Financial Corp now owns 347,343 shares of the company’s stock worth $3,056,000 after buying an additional 19,144 shares during the period. 84.30% of the stock is owned by institutional investors and hedge funds.
Modine Manufacturing Company (NYSE:MOD) traded up 2.63% on Friday, reaching $11.70. The company’s stock had a trading volume of 351,033 shares. The stock has a market cap of $567.45 million, a price-to-earnings ratio of 40.34 and a beta of 1.36. Modine Manufacturing Company has a 52-week low of $8.19 and a 52-week high of $16.35. The firm’s 50-day moving average price is $13.81 and its 200-day moving average price is $12.13.
Modine Manufacturing Company (NYSE:MOD) last announced its quarterly earnings results on Monday, February 6th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.03. Modine Manufacturing Company had a net margin of 1.02% and a return on equity of 9.39%. The firm earned $349.80 million during the quarter, compared to the consensus estimate of $362.96 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts expect that Modine Manufacturing Company will post $0.76 earnings per share for the current year.
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A number of research analysts have issued reports on MOD shares. Zacks Investment Research raised Modine Manufacturing Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 6th. Gabelli started coverage on Modine Manufacturing Company in a research note on Tuesday, January 31st. They issued a “buy” rating for the company.
In related news, VP Scott L. Bowser sold 7,500 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $15.95, for a total transaction of $119,625.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas F. Marry sold 19,580 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $15.49, for a total value of $303,294.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,930 shares of company stock valued at $432,694. 3.90% of the stock is owned by corporate insiders.
Modine Manufacturing Company Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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