William Blair Investment Management LLC Has $51.12 Million Stake in Modine Manufacturing Company $MOD

William Blair Investment Management LLC increased its position in shares of Modine Manufacturing Company (NYSE:MOD) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 382,915 shares of the auto parts company’s stock after buying an additional 1,990 shares during the period. William Blair Investment Management LLC owned 0.73% of Modine Manufacturing worth $51,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Modine Manufacturing by 1.9% during the third quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock worth $722,297,000 after buying an additional 97,035 shares during the last quarter. Wasatch Advisors LP increased its holdings in Modine Manufacturing by 1.4% during the second quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after buying an additional 23,955 shares during the last quarter. State Street Corp increased its holdings in Modine Manufacturing by 4.2% during the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after buying an additional 53,351 shares during the last quarter. Capital Research Global Investors acquired a new position in Modine Manufacturing during the third quarter worth $184,610,000. Finally, JPMorgan Chase & Co. increased its holdings in Modine Manufacturing by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock worth $166,540,000 after buying an additional 151,543 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Trading Up 0.5%

MOD stock opened at $261.71 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The company’s 50-day simple moving average is $238.14 and its 200 day simple moving average is $190.96. Modine Manufacturing Company has a 52 week low of $86.48 and a 52 week high of $294.05. The company has a market capitalization of $13.80 billion, a PE ratio of 145.39, a price-to-earnings-growth ratio of 1.06 and a beta of 1.66.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Glj Research started coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 price objective on the stock. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Oppenheimer upped their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $234.33.

About Modine Manufacturing

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.