Elm3 Financial Group LLC Purchases New Stake in Modine Manufacturing (NYSE:MOD)

Elm3 Financial Group LLC purchased a new stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,876 shares of the auto parts company's stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOD. Private Trust Co. NA increased its position in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock worth $103,000 after buying an additional 670 shares during the period. Farther Finance Advisors LLC boosted its stake in Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock worth $137,000 after buying an additional 491 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Modine Manufacturing by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock valued at $157,000 after buying an additional 82 shares during the period. KBC Group NV raised its stake in shares of Modine Manufacturing by 47.8% in the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company's stock valued at $193,000 after buying an additional 471 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Modine Manufacturing during the 3rd quarter worth about $196,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded up $0.30 on Monday, hitting $98.96. The stock had a trading volume of 770,039 shares, compared to its average volume of 1,267,458. The firm's 50 day moving average price is $121.42 and its 200-day moving average price is $120.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.09 and a current ratio of 1.87. Modine Manufacturing has a twelve month low of $69.12 and a twelve month high of $146.84. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. On average, equities research analysts predict that Modine Manufacturing will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st.

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.