Teton Advisors LLC Buys Shares of 3,000 Modine Manufacturing Company $MOD

Teton Advisors LLC purchased a new stake in shares of Modine Manufacturing Company (NYSE:MOD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the auto parts company’s stock, valued at approximately $426,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in Modine Manufacturing by 17.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 75 shares during the period. Handelsbanken Fonder AB boosted its position in Modine Manufacturing by 0.8% during the second quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company’s stock worth $1,290,000 after purchasing an additional 100 shares during the period. Intrust Bank NA increased its stake in shares of Modine Manufacturing by 2.3% in the third quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. BCS Private Wealth Management Inc. increased its stake in shares of Modine Manufacturing by 2.8% in the third quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company’s stock worth $643,000 after purchasing an additional 125 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Modine Manufacturing by 1.2% in the third quarter. Arizona State Retirement System now owns 14,752 shares of the auto parts company’s stock valued at $2,097,000 after purchasing an additional 176 shares during the period. Institutional investors own 95.23% of the company’s stock.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $184.07, for a total value of $202,477.00. Following the completion of the transaction, the director owned 79,856 shares of the company’s stock, valued at $14,699,093.92. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Price Performance

Shares of NYSE MOD opened at $186.47 on Friday. The stock’s 50-day simple moving average is $177.47 and its two-hundred day simple moving average is $157.77. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $243.80. The firm has a market capitalization of $9.83 billion, a P/E ratio of 103.60, a P/E/G ratio of 1.25 and a beta of 1.67. 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 (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, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $805.00 million during the quarter, compared to the consensus estimate of $763.54 million. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. As a group, equities analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on MOD shares. Roth Mkm initiated coverage on shares of Modine Manufacturing in a research note on Wednesday, February 18th. They set a “buy” rating and a $263.00 price target on the stock. Zacks Research raised shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Oppenheimer increased their target price on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. Finally, DA Davidson increased their target price on shares of Modine Manufacturing from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $223.20.

Modine Manufacturing 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.