Livforsakringsbolaget Skandia Omsesidigt Reduces Position in Modine Manufacturing (NYSE:MOD)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in Modine Manufacturing (NYSE:MOD) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,400 shares of the auto parts company’s stock after selling 5,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Modine Manufacturing were worth $974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOD. Private Trust Co. NA raised its holdings in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 670 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 491 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares during the last quarter. KBC Group NV lifted its position in Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after buying an additional 471 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Modine Manufacturing during the third quarter worth $196,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Up 1.0 %

Shares of NYSE MOD opened at $98.65 on Friday. The company has a market capitalization of $5.18 billion, a P/E ratio of 32.34, a P/E/G ratio of 0.78 and a beta of 2.31. 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 simple moving average of $122.17 and a 200-day simple moving average of $120.53. Modine Manufacturing has a 1 year low of $69.00 and a 1 year high of $146.84.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. On average, equities research analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

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.