Moody Aldrich Partners LLC Sells 11,690 Shares of Modine Manufacturing (NYSE:MOD)

Moody Aldrich Partners LLC lessened its stake in shares of Modine Manufacturing (NYSE:MOD) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,996 shares of the auto parts company’s stock after selling 11,690 shares during the quarter. Moody Aldrich Partners LLC owned 0.08% of Modine Manufacturing worth $5,577,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MOD. Vanguard Group Inc. boosted its stake in shares of Modine Manufacturing by 27.3% in the 1st quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company’s stock valued at $372,099,000 after purchasing an additional 838,460 shares in the last quarter. Capital International Investors boosted its position in Modine Manufacturing by 40.6% in the first quarter. Capital International Investors now owns 1,425,845 shares of the auto parts company’s stock valued at $135,726,000 after buying an additional 411,946 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Modine Manufacturing by 32.8% during the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock worth $110,403,000 after buying an additional 272,174 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Modine Manufacturing by 20.4% during the first quarter. Hennessy Advisors Inc. now owns 714,400 shares of the auto parts company’s stock worth $68,004,000 after buying an additional 121,200 shares in the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of Modine Manufacturing by 5.1% during the second quarter. Fred Alger Management LLC now owns 369,840 shares of the auto parts company’s stock worth $37,054,000 after buying an additional 17,889 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MOD shares. DA Davidson boosted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. B. Riley boosted their price objective on Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Oppenheimer raised their target price on Modine Manufacturing from $135.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, William Blair assumed coverage on shares of Modine Manufacturing in a research report on Monday, July 29th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $146.33.

Modine Manufacturing Trading Down 1.9 %

MOD traded down $2.48 during mid-day trading on Thursday, reaching $125.80. The stock had a trading volume of 80,732 shares, compared to its average volume of 853,253. The firm’s fifty day simple moving average is $121.24 and its two-hundred day simple moving average is $107.15. The stock has a market capitalization of $6.59 billion, a P/E ratio of 42.33, a P/E/G ratio of 1.02 and a beta of 2.22. Modine Manufacturing has a 52 week low of $38.50 and a 52 week high of $141.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.80.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. The business had revenue of $661.50 million for the quarter, compared to analyst estimates of $633.55 million. Modine Manufacturing had a return on equity of 24.92% and a net margin of 6.70%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts predict that Modine Manufacturing will post 3.86 EPS for the current year.

Insider Activity

In related news, Director Marsha C. Williams sold 34,400 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the sale, the director now directly owns 144,038 shares of the company’s stock, valued at $15,806,730.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

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.