Shares of Modine Manufacturing Co. (NYSE:MOD) were down 1.5% during trading on Friday . The company traded as low as $9.20 and last traded at $9.24, with a volume of 94,750 shares changing hands. The stock had previously closed at $9.38.

A number of analysts have commented on MOD shares. Seaport Global Securities raised shares of Modine Manufacturing from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, March 24th. Zacks Investment Research raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, April 23rd.

The company’s 50 day moving average price is $9.54 and its 200-day moving average price is $9.40. The stock’s market capitalization is $446.28 million.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Wednesday, May 25th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm earned $343.70 million during the quarter, compared to the consensus estimate of $351.33 million. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, equities research analysts predict that Modine Manufacturing Co. will post $0.83 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position 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 during the period. Victory Capital Management Inc. raised its position in Modine Manufacturing by 7.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,857,345 shares of the company’s stock valued at $43,959,000 after buying an additional 325,332 shares during the period. California Public Employees Retirement System raised its position 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 during the period. Finally, Nationwide Fund Advisors raised its position 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 during the period.

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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