Modine Manufacturing Company $MOD Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in Modine Manufacturing Company (NYSE:MOD) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 65,292 shares of the auto parts company’s stock after selling 5,810 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Modine Manufacturing were worth $8,720,000 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. Cannon Global Investment Management LLC boosted its holdings in Modine Manufacturing by 10.0% in the fourth quarter. Cannon Global Investment Management LLC now owns 4,400 shares of the auto parts company’s stock valued at $587,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Modine Manufacturing by 6.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,776 shares of the auto parts company’s stock valued at $2,240,000 after buying an additional 991 shares during the last quarter. First Horizon Corp raised its stake in shares of Modine Manufacturing by 121.3% during the 4th quarter. First Horizon Corp now owns 593 shares of the auto parts company’s stock valued at $79,000 after buying an additional 325 shares during the last quarter. Wealth Enhancement Trust Services Inc. acquired a new position in shares of Modine Manufacturing in the 4th quarter valued at about $988,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Modine Manufacturing in the 4th quarter valued at about $3,559,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $251.89 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. Modine Manufacturing Company has a twelve month low of $77.29 and a twelve month high of $260.01. The business has a 50-day moving average price of $221.54 and a 200 day moving average price of $177.35. The firm has a market cap of $13.28 billion, a PE ratio of 139.94, a P/E/G ratio of 1.02 and a beta of 1.68.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The company had revenue of $805.00 million for the quarter, compared to the consensus estimate of $763.54 million. During the same quarter in the prior year, the business posted $0.92 earnings per share. Modine Manufacturing’s revenue for the quarter was up 30.5% on a year-over-year basis. Sell-side analysts predict that Modine Manufacturing Company will post 4.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MOD shares. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Glj Research initiated coverage on Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 price target for the company. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Oppenheimer raised their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.33.

Insider Buying and Selling at Modine Manufacturing

In other news, Director Suresh V. Garimella sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $184.07, for a total transaction of $202,477.00. Following the completion of the transaction, the director directly owned 79,856 shares of the company’s stock, valued at $14,699,093.92. This represents a 1.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.48% of the stock is currently owned by insiders.

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.