Modine Manufacturing Co. (NYSE:MOD)’s share price fell 1.8% during mid-day trading on Friday . The company traded as low as $9.51 and last traded at $9.58, with a volume of 60,425 shares traded. The stock had previously closed at $9.76.

A number of brokerages have issued reports on MOD. Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Saturday, April 23rd. Seaport Global Securities raised Modine Manufacturing from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, March 24th.

The company’s market capitalization is $455.76 million. The firm’s 50 day moving average is $9.61 and its 200 day moving average is $9.40.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Wednesday, May 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $343.70 million for the quarter, compared to the consensus estimate of $351.33 million. During the same period in the prior year, the business posted $0.12 EPS. Modine Manufacturing’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts expect that Modine Manufacturing Co. will post $0.86 EPS for the current year.

A number of large investors have bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Modine Manufacturing by 1.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 117,520 shares of the company’s stock valued at $1,064,000 after buying an additional 2,088 shares in the last quarter. Nationwide Fund Advisors raised its stake in Modine Manufacturing by 195.1% in the fourth quarter. Nationwide Fund Advisors now owns 118,282 shares of the company’s stock valued at $1,070,000 after buying an additional 78,206 shares in the last quarter. California Public Employees Retirement System raised its stake in Modine Manufacturing by 4.3% in the fourth quarter. California Public Employees Retirement System now owns 217,400 shares of the company’s stock valued at $1,967,000 after buying an additional 9,000 shares in the last quarter. LSV Asset Management raised its stake in Modine Manufacturing by 83.3% in the fourth quarter. LSV Asset Management now owns 1,039,019 shares of the company’s stock valued at $9,403,000 after buying an additional 472,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Modine Manufacturing by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,455,263 shares of the company’s stock valued at $22,220,000 after buying an additional 61,188 shares in the last quarter.

Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components.

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