Pembroke Management LTD Purchases Shares of 214,589 Modine Manufacturing Company $MOD

Pembroke Management LTD acquired a new stake in Modine Manufacturing Company (NYSE:MOD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 214,589 shares of the auto parts company’s stock, valued at approximately $30,506,000. Modine Manufacturing makes up 3.0% of Pembroke Management LTD’s portfolio, making the stock its 13th largest position. Pembroke Management LTD owned about 0.41% of Modine Manufacturing as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MOD. First Horizon Corp bought a new stake in Modine Manufacturing during the 3rd quarter valued at approximately $38,000. Toth Financial Advisory Corp purchased a new stake in Modine Manufacturing during the 3rd quarter valued at approximately $57,000. Parkside Financial Bank & Trust raised its position in shares of Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after buying an additional 405 shares during the last quarter. Maseco LLP bought a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $51,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Modine Manufacturing by 52.6% in the second quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock worth $55,000 after buying an additional 193 shares in the last quarter. 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. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $166.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The business’s 50 day moving average is $141.85 and its two-hundred day moving average is $137.35. The stock has a market capitalization of $7.18 billion, a P/E ratio of 39.42, a PEG ratio of 0.84 and a beta of 1.70.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. As a group, research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Buying and Selling

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. KeyCorp increased their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. UBS Group initiated coverage on Modine Manufacturing in a research report on Thursday, November 20th. They issued a “buy” rating and a $173.00 target price on the stock. Finally, Oppenheimer increased their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Four research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.