Mirae Asset Global Investments Co. Ltd. Acquires 20,080 Shares of Modine Manufacturing Company $MOD

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Modine Manufacturing Company (NYSE:MOD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,080 shares of the auto parts company’s stock, valued at approximately $3,461,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOD. MGO One Seven LLC bought a new position in Modine Manufacturing during the third quarter valued at $209,000. State of Wyoming increased its holdings in Modine Manufacturing by 19.4% in the 3rd quarter. State of Wyoming now owns 2,988 shares of the auto parts company’s stock worth $559,000 after acquiring an additional 485 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Modine Manufacturing by 7.4% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 7,300 shares of the auto parts company’s stock valued at $1,367,000 after acquiring an additional 500 shares during the period. Choreo LLC raised its stake in Modine Manufacturing by 83.3% in the 3rd quarter. Choreo LLC now owns 1,448 shares of the auto parts company’s stock valued at $271,000 after acquiring an additional 658 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Modine Manufacturing by 4.0% during the third quarter. D.A. Davidson & CO. now owns 46,154 shares of the auto parts company’s stock valued at $8,640,000 after purchasing an additional 1,794 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing News Summary

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

• Positive Sentiment: Management raised its fiscal 2027 outlook, with reported expectations of 52.5% revenue growth and more than 50% adjusted EBITDA growth. The company cited accelerating data-center demand and plans to expand production capacity. Article: Modine Freefalls: AI Apocalypse Fears Meet Multi-Year Growth Tailwinds
• Positive Sentiment: Modine recorded a quarterly order intake of about $1 billion, highlighting potential for continued growth from AI-related data-center infrastructure demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
• Neutral Sentiment: Analysts cut price targets—including UBS to $160 from $355—but retained positive ratings, including “buy.” The revisions reflect a more cautious valuation view even as analysts see substantial potential from current levels. Article: UBS Adjusts Modine Manufacturing Price Target
• Negative Sentiment: Fiscal second-quarter earnings missed analyst estimates; reports also cited weaker margins and faster cash burn. Negative free cash flow and rising net debt add to concerns about execution and the sustainability of AI-related spending. Article: Modine Q2 Earnings Miss: Is the Stock a Buy, Hold or Sell?

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock traded up $4.53 during trading on Friday, hitting $95.92. 2,970,915 shares of the stock traded hands, compared to its average volume of 1,417,418. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 0.44 and a beta of 1.86. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. Modine Manufacturing Company has a 52 week low of $87.84 and a 52 week high of $323.25. The firm’s fifty day moving average is $166.23 and its 200-day moving average is $214.16.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%. The business had revenue of $994.40 million during the quarter, compared to analysts’ expectations of $978.31 million. During the same quarter in the previous year, the business earned $0.83 EPS. Modine Manufacturing’s revenue for the quarter was up 34.6% compared to the same quarter last year. Research analysts expect that Modine Manufacturing Company will post 7.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MOD shares. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. KeyCorp cut their price objective on shares of Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday. Robert W. Baird began coverage on Modine Manufacturing in a research report on Tuesday, October 6th. They set an “outperform” rating and a $300.00 target price on the stock. Zacks Research lowered Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, Oppenheimer decreased their price objective on Modine Manufacturing from $260.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.89.

Modine Manufacturing Profile

Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.