Modine Manufacturing (NYSE:MOD) Research Coverage Started at Glj Research

Glj Research initiated coverage on shares of Modine Manufacturing (NYSE:MOD) in a research report sent to investors on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $290.00 price target on the auto parts company’s stock.

Other equities research analysts have also recently issued research reports about the company. DA Davidson raised their target price on Modine Manufacturing from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Zacks Research raised Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Roth Mkm began coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $234.33.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $222.75 on Monday. The firm has a 50 day simple moving average of $204.33 and a 200-day simple moving average of $166.37. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $243.80. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 123.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.68.

Modine Manufacturing (NYSE:MOD) last announced 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 net margin of 3.40% and a return on equity of 22.99%. The business had revenue of $805.00 million during the quarter, compared to the consensus estimate of $763.54 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. On average, analysts expect that Modine Manufacturing will post 3.88 EPS for the current year.

Insider Buying and Selling

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the company’s stock in a transaction 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 transaction, the director directly owned 79,856 shares in the company, valued at $14,699,093.92. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Modine Manufacturing

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in Modine Manufacturing by 113.6% during the 4th quarter. Hsbc Holdings PLC now owns 5,086 shares of the auto parts company’s stock worth $679,000 after acquiring an additional 2,705 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Modine Manufacturing by 135.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,972 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 1,135 shares in the last quarter. World Investment Advisors purchased a new stake in Modine Manufacturing during the fourth quarter worth about $211,000. DUTCH ASSET Corp purchased a new stake in Modine Manufacturing during the fourth quarter worth about $1,124,000. Finally, Aristides Capital LLC lifted its position in shares of Modine Manufacturing by 3.0% during the fourth quarter. Aristides Capital LLC now owns 6,803 shares of the auto parts company’s stock worth $908,000 after purchasing an additional 201 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

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.