159,613 Shares in Modine Manufacturing (NYSE:MOD) Purchased by Fiera Capital Corp

Fiera Capital Corp purchased a new stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 159,613 shares of the auto parts company's stock, valued at approximately $21,195,000. Fiera Capital Corp owned approximately 0.30% of Modine Manufacturing as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Modine Manufacturing in the first quarter worth about $37,000. Opal Wealth Advisors LLC bought a new position in Modine Manufacturing during the second quarter valued at about $51,000. West Oak Capital LLC grew its stake in shares of Modine Manufacturing by 300.0% in the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 450 shares during the period. Fifth Third Bancorp bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at approximately $64,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at approximately $68,000. 95.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. William Blair began coverage on shares of Modine Manufacturing in a research note on Monday, July 29th. They issued an "outperform" rating for the company. DA Davidson raised their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Oppenheimer raised their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, B. Riley lifted their price target on shares of Modine Manufacturing from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Modine Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $146.67.

Modine Manufacturing Stock Up 0.6 %

Shares of Modine Manufacturing stock traded up $0.75 during trading on Friday, hitting $128.12. 632,335 shares of the stock traded hands, compared to its average volume of 747,553. The company has a fifty day moving average price of $123.21 and a two-hundred day moving average price of $109.74. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a twelve month low of $42.65 and a twelve month high of $141.72. The stock has a market cap of $6.73 billion, a P/E ratio of 42.01, a PEG ratio of 0.96 and a beta of 2.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Marsha C. Williams sold 34,400 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $109.74, for a total value of $3,775,056.00. Following the transaction, the director now owns 144,038 shares in the company, valued at $15,806,730.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company's stock.

Modine Manufacturing Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.