BidaskClub upgraded shares of Modine Manufacturing Company (NYSE:MOD) from a sell rating to a hold rating in a report released on Saturday morning.

Several other equities analysts also recently issued reports on MOD. TheStreet raised shares of Modine Manufacturing from a c rating to a b- rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Modine Manufacturing from a hold rating to a buy rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Modine Manufacturing from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Thursday, June 1st. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Modine Manufacturing currently has an average rating of Buy and a consensus target price of $17.00.

Modine Manufacturing (NYSE:MOD) opened at 16.95 on Friday. Modine Manufacturing has a 12-month low of $9.25 and a 12-month high of $17.38. The company has a market capitalization of $849.18 million, a PE ratio of 36.69 and a beta of 1.20. The stock has a 50 day moving average of $16.55 and a 200 day moving average of $13.49.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The firm had revenue of $515.50 million during the quarter, compared to the consensus estimate of $482.70 million. During the same period last year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 48.5% on a year-over-year basis. On average, equities research analysts predict that Modine Manufacturing will post $1.41 EPS for the current year.

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In other Modine Manufacturing news, VP Scott D. Wollenberg sold 5,736 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $15.95, for a total value of $91,489.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.42% of the company’s stock.

A number of large investors have recently bought and sold shares of MOD. Frontier Capital Management Co. LLC boosted its stake in Modine Manufacturing by 4.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,879,494 shares of the auto parts company’s stock valued at $59,530,000 after buying an additional 204,378 shares during the last quarter. Vanguard Group Inc. boosted its stake in Modine Manufacturing by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,817,668 shares of the auto parts company’s stock valued at $46,576,000 after buying an additional 293,629 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Modine Manufacturing by 12.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,576,667 shares of the auto parts company’s stock valued at $43,633,000 after buying an additional 394,754 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Modine Manufacturing by 6.0% in the first quarter. Gamco Investors INC. ET AL now owns 1,800,888 shares of the auto parts company’s stock valued at $21,971,000 after buying an additional 102,017 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Modine Manufacturing by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,662,194 shares of the auto parts company’s stock valued at $27,509,000 after buying an additional 217,843 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

About Modine Manufacturing

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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