B. Metzler seel. Sohn & Co. Holding AG Takes Position in Modine Manufacturing (NYSE:MOD)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Modine Manufacturing (NYSE:MOD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,874 shares of the auto parts company's stock, valued at approximately $1,311,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise grew its holdings in Modine Manufacturing by 9.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company's stock valued at $117,000 after buying an additional 104 shares during the period. Xponance Inc. lifted its stake in shares of Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock valued at $328,000 after purchasing an additional 153 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company's stock valued at $2,123,000 after purchasing an additional 155 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Modine Manufacturing by 2.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company's stock valued at $701,000 after purchasing an additional 200 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Modine Manufacturing by 7.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company's stock valued at $314,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Stock Up 1.9 %

MOD stock traded up $2.73 during midday trading on Friday, hitting $143.22. 368,245 shares of the company's stock were exchanged, compared to its average volume of 800,979. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12-month low of $48.88 and a 12-month high of $144.02. The firm has a 50 day moving average price of $128.14 and a 200-day moving average price of $112.35. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 46.96, a price-to-earnings-growth ratio of 1.08 and a beta of 2.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, beating 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 business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. During the same period in the previous year, the business earned $0.89 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that Modine Manufacturing will post 3.83 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MOD shares. William Blair initiated coverage on Modine Manufacturing in a research note on Monday, July 29th. They issued an "outperform" rating on the stock. Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. B. Riley boosted their price target on Modine Manufacturing from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, DA Davidson boosted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $146.67.

Modine Manufacturing Company 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.