402,378 Shares in Modine Manufacturing Company $MOD Acquired by Aventail Capital Group LP

Aventail Capital Group LP acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 402,378 shares of the auto parts company’s stock, valued at approximately $53,721,000. Modine Manufacturing comprises about 3.1% of Aventail Capital Group LP’s holdings, making the stock its 9th biggest holding. Aventail Capital Group LP owned about 0.76% of Modine Manufacturing at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $25,000. Spire Wealth Management purchased a new stake in shares of Modine Manufacturing during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $39,000. Danske Bank A S purchased a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $43,000. Finally, Root Financial Partners LLC lifted its position in shares of Modine Manufacturing by 140.5% during the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock worth $49,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of MOD opened at $285.09 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. The stock has a market capitalization of $15.06 billion, a P/E ratio of 127.27, a P/E/G ratio of 0.92 and a beta of 1.65. The company’s fifty day moving average is $264.32 and its two-hundred day moving average is $208.21. Modine Manufacturing Company has a 1 year low of $86.48 and a 1 year high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. Modine Manufacturing’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. On average, sell-side analysts predict that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. KeyCorp lifted their target price on shares of Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. B. Riley Financial lifted their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Roth Mkm initiated coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price on the stock. Seven investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $327.14.

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.