Algert Global LLC Purchases 6,116 Shares of Modine Manufacturing (NYSE:MOD)

Algert Global LLC lifted its stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 122.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,110 shares of the auto parts company's stock after acquiring an additional 6,116 shares during the period. Algert Global LLC's holdings in Modine Manufacturing were worth $1,475,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Modine Manufacturing by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,383 shares of the auto parts company's stock valued at $3,654,000 after acquiring an additional 1,901 shares in the last quarter. LRI Investments LLC bought a new stake in Modine Manufacturing during the 1st quarter worth about $135,000. Invst LLC increased its position in shares of Modine Manufacturing by 53.8% in the first quarter. Invst LLC now owns 4,651 shares of the auto parts company's stock valued at $437,000 after acquiring an additional 1,627 shares during the last quarter. Cetera Investment Advisers bought a new stake in Modine Manufacturing during the first quarter worth about $1,847,000. Finally, Quent Capital LLC boosted its position in Modine Manufacturing by 150.0% during the second quarter. Quent Capital LLC now owns 5,000 shares of the auto parts company's stock valued at $501,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MOD. 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 target price 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. Finally, DA Davidson upped their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Modine Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $146.67.

Modine Manufacturing Stock Performance

NYSE:MOD traded up $2.56 on Friday, hitting $135.93. The company's stock had a trading volume of 233,916 shares, compared to its average volume of 843,533. Modine Manufacturing has a one year low of $48.88 and a one year high of $146.84. The firm has a market capitalization of $7.14 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 1.02 and a beta of 2.25. The stock has a fifty day moving average of $129.70 and a two-hundred day moving average of $113.39. 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 (NYSE:MOD - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $646.86 million. During the same quarter in the prior year, the business earned $0.89 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current year.

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.