2,983 Shares in Modine Manufacturing (NYSE:MOD) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Modine Manufacturing (NYSE:MOD) in the third quarter, Holdings Channel reports. The institutional investor purchased 2,983 shares of the auto parts company’s stock, valued at approximately $396,000.

Several other large investors also recently made changes to their positions in the business. Banque Cantonale Vaudoise grew its holdings in shares of Modine Manufacturing by 9.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 104 shares during the last quarter. Xponance Inc. boosted its position in shares of Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock valued at $328,000 after purchasing an additional 153 shares during the period. SummerHaven Investment Management LLC increased its stake in Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock worth $2,123,000 after purchasing an additional 155 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Modine Manufacturing by 2.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock worth $701,000 after buying an additional 200 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Modine Manufacturing by 7.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after buying an additional 212 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MOD shares. DA Davidson boosted their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Oppenheimer boosted their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Price Performance

MOD opened at $134.66 on Tuesday. 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 $55.87 and a 1 year high of $146.84. The stock has a fifty day moving average price of $130.39 and a 200 day moving average price of $116.10. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.01 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The business 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 firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. 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.