Modine Manufacturing (NYSE:MOD) VP Sells $11,299,697.94 in Stock

Modine Manufacturing Company (NYSE:MOD) VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the sale, the vice president owned 66,343 shares of the company’s stock, valued at approximately $19,582,463.31. This represents a 36.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Modine Manufacturing Trading Down 0.8%

MOD opened at $275.31 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 122.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The firm has a 50 day simple moving average of $269.34 and a 200 day simple moving average of $212.71. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week 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 for the quarter, beating the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. During the same period in the prior year, the business posted $1.12 earnings per share. Modine Manufacturing’s revenue was up 47.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Hedge Funds Weigh In On Modine Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Modine Manufacturing in the 1st quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in Modine Manufacturing during the 4th quarter worth $25,000. Spire Wealth Management bought a new position in Modine Manufacturing during the fourth quarter worth about $27,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing in the third quarter valued at about $39,000. Finally, Danske Bank A S acquired a new position in Modine Manufacturing in the third quarter valued at about $43,000. 95.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MOD. UBS Group raised their price target on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. B. Riley Financial increased their target price on Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. KeyCorp raised their target price on Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Finally, DA Davidson restated a “buy” rating and set a $330.00 target price on shares of Modine Manufacturing in a research report on Monday. Seven 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, the company currently has an average rating of “Moderate Buy” and an average price target of $327.14.

Key Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Investor interest in Modine’s growing exposure to data center cooling remains a key bull case, as the company is being highlighted for benefiting from AI-related thermal management demand. This supports the view that Modine’s long-term growth story is intact. Article Title
• Positive Sentiment: Wall Street remains broadly constructive: Modine recently beat quarterly EPS and revenue estimates, posted 47.5% year-over-year revenue growth, and analysts continue to hold a Moderate Buy view with price targets above current levels. Article Title
• Neutral Sentiment: One market commentary specifically reiterated that Modine’s recent gains from data center cooling exposure are a notable investment theme, reinforcing that the stock is being watched as an AI infrastructure beneficiary. Article Title
• Negative Sentiment: Several insiders sold shares this week, including Director Eric Ashleman’s 15,000-share sale and additional sales by an insider and a vice president. Heavy insider selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Article Title
• Negative Sentiment: Another report said Modine shares fell sharply in the prior session and that valuation models still see the stock as overvalued, which may be contributing to near-term pressure on the shares. Article Title

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.