Modine Manufacturing Target of Unusually High Options Trading (NYSE:MOD)

Modine Manufacturing Company (NYSE:MOD) was the target of unusually large options trading activity on Thursday. Investors acquired 2,364 call options on the company. This represents an increase of approximately 68% compared to the typical daily volume of 1,406 call options.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the completion of the transaction, the chief executive officer owned 238,312 shares of the company’s stock, valued at approximately $38,263,374.72. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.48% of the company’s stock.

Institutional Investors Weigh In On Modine Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its stake in Modine Manufacturing by 17.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock valued at $71,000 after buying an additional 75 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Modine Manufacturing by 0.8% in the second quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company’s stock worth $1,290,000 after acquiring an additional 100 shares during the period. Intrust Bank NA increased its position in Modine Manufacturing by 2.3% during the third quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock valued at $699,000 after acquiring an additional 109 shares during the last quarter. BCS Private Wealth Management Inc. increased its position in Modine Manufacturing by 2.8% during the third quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company’s stock valued at $643,000 after acquiring an additional 125 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Modine Manufacturing by 3.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 3.4%

Shares of NYSE:MOD opened at $136.38 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. Modine Manufacturing has a 1 year low of $64.79 and a 1 year high of $166.94. The company has a market cap of $7.18 billion, a P/E ratio of 39.42, a PEG ratio of 0.84 and a beta of 1.70. The stock’s fifty day moving average price is $141.85 and its 200-day moving average price is $137.35.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. The business had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.Modine Manufacturing’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Sell-side analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $200.00 price objective on shares of Modine Manufacturing in a research report on Wednesday, November 19th. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. UBS Group began coverage on Modine Manufacturing in a report on Thursday, November 20th. They set a “buy” rating and a $173.00 price target for the company. KeyCorp upped their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.