Modine Manufacturing (NYSE:MOD) Holdings Increased by Truvestments Capital LLC

Truvestments Capital LLC lifted its stake in Modine Manufacturing (NYSE:MOD) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,963 shares of the auto parts company’s stock after acquiring an additional 626 shares during the period. Truvestments Capital LLC’s holdings in Modine Manufacturing were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Loomis Sayles & Co. L P lifted its position in Modine Manufacturing by 7.6% in the third quarter. Loomis Sayles & Co. L P now owns 411,752 shares of the auto parts company’s stock worth $54,676,000 after purchasing an additional 29,163 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Modine Manufacturing in the 3rd quarter worth $196,000. Algert Global LLC raised its stake in shares of Modine Manufacturing by 122.5% in the 3rd quarter. Algert Global LLC now owns 11,110 shares of the auto parts company’s stock worth $1,475,000 after buying an additional 6,116 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Modine Manufacturing by 86.6% in the third quarter. Citigroup Inc. now owns 50,229 shares of the auto parts company’s stock valued at $6,670,000 after buying an additional 23,314 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in Modine Manufacturing during the third quarter valued at about $9,379,000. 95.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MOD has been the topic of several research reports. 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 report on Thursday, October 31st. DA Davidson boosted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. William Blair started coverage on shares of Modine Manufacturing in a report on Monday, July 29th. They set an “outperform” rating for the company. Finally, B. Riley upped their price target on Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Stock Up 2.6 %

NYSE:MOD opened at $147.00 on Monday. The business’s fifty day moving average price is $128.14 and its 200 day moving average price is $112.40. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 46.96, a PEG ratio of 1.10 and a beta of 2.25. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 1-year low of $48.88 and a 1-year high of $147.00.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data 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 firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, sell-side analysts forecast that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

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.