Modine Manufacturing Co. (MOD) Shares Sold by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd reduced its position in shares of Modine Manufacturing Co. (NYSE:MOD) by 68.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,866 shares of the company’s stock after selling 38,037 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Modine Manufacturing were worth $157,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of MOD. Frontier Capital Management Co. LLC increased its stake in shares of Modine Manufacturing by 1.8% in the second quarter. Frontier Capital Management Co. LLC now owns 4,540,479 shares of the company’s stock worth $39,956,000 after buying an additional 81,854 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Modine Manufacturing by 2.7% in the second quarter. Vanguard Group Inc. now owns 3,370,377 shares of the company’s stock worth $29,659,000 after buying an additional 88,111 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Modine Manufacturing by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,937,819 shares of the company’s stock worth $25,853,000 after buying an additional 303,517 shares in the last quarter. LSV Asset Management increased its position in shares of Modine Manufacturing by 8.1% in the second quarter. LSV Asset Management now owns 1,417,596 shares of the company’s stock worth $12,474,000 after buying an additional 106,377 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Modine Manufacturing by 4.5% in the second quarter. DNB Asset Management AS now owns 1,317,269 shares of the company’s stock worth $11,592,000 after buying an additional 56,620 shares in the last quarter. 83.52% of the stock is owned by institutional investors.
Modine Manufacturing Co. (NYSE:MOD) opened at 11.95 on Friday. The company has a 50-day moving average price of $11.28 and a 200 day moving average price of $10.41. Modine Manufacturing Co. has a 12-month low of $5.39 and a 12-month high of $12.21. The company has a market cap of $570.98 million, a PE ratio of 306.41 and a beta of 1.42.
Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm earned $347.20 million during the quarter, compared to the consensus estimate of $337.10 million. Modine Manufacturing had a return on equity of 10.46% and a net margin of 0.14%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. On average, analysts forecast that Modine Manufacturing Co. will post $0.84 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Thursday, July 14th.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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