California Public Employees Retirement System trimmed its position in Modine Manufacturing Co. (NYSE:MOD) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 199,041 shares of the auto parts company’s stock after selling 14,272 shares during the period. California Public Employees Retirement System’s holdings in Modine Manufacturing were worth $4,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Modine Manufacturing by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,997,909 shares of the auto parts company’s stock valued at $76,960,000 after purchasing an additional 95,915 shares in the last quarter. Royce & Associates LP raised its stake in Modine Manufacturing by 2.5% during the third quarter. Royce & Associates LP now owns 1,164,000 shares of the auto parts company’s stock worth $22,407,000 after acquiring an additional 28,000 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Modine Manufacturing by 1.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 947,389 shares of the auto parts company’s stock worth $19,137,000 after acquiring an additional 17,249 shares in the last quarter. State Street Corp raised its stake in Modine Manufacturing by 4.8% during the second quarter. State Street Corp now owns 903,139 shares of the auto parts company’s stock worth $14,942,000 after acquiring an additional 41,592 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Modine Manufacturing by 17.1% during the third quarter. Stifel Financial Corp now owns 844,768 shares of the auto parts company’s stock worth $16,261,000 after acquiring an additional 123,470 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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In other news, Director Larry Oscar Moore sold 4,100 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $21.01, for a total value of $86,141.00. Following the completion of the sale, the director now directly owns 45,659 shares in the company, valued at $959,295.59. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott L. Bowser sold 3,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $24.36, for a total value of $85,260.00. The disclosure for this sale can be found here. Insiders have sold 25,506 shares of company stock valued at $574,614 over the last quarter. Corporate insiders own 4.42% of the company’s stock.

Several research analysts have issued reports on MOD shares. Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, January 10th. ValuEngine lowered Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th.

Modine Manufacturing Co. (NYSE MOD) opened at $23.05 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.85 and a current ratio of 1.24. Modine Manufacturing Co. has a 12 month low of $10.10 and a 12 month high of $25.75. The stock has a market capitalization of $1,155.56, a price-to-earnings ratio of 96.04 and a beta of 1.31.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Modine Manufacturing had a return on equity of 16.54% and a net margin of 0.62%. The firm had revenue of $512.70 million during the quarter, compared to analyst estimates of $456.30 million. During the same period in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. equities analysts anticipate that Modine Manufacturing Co. will post 1.5 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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