B. Metzler seel. Sohn & Co. AG Acquires 5,343 Shares of Modine Manufacturing (NYSE:MOD)

B. Metzler seel. Sohn & Co. AG raised its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,217 shares of the auto parts company's stock after acquiring an additional 5,343 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Modine Manufacturing were worth $1,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock valued at $157,000 after purchasing an additional 82 shares during the period. Arizona State Retirement System boosted its position in shares of Modine Manufacturing by 0.8% during the 4th quarter. Arizona State Retirement System now owns 14,451 shares of the auto parts company's stock valued at $1,675,000 after purchasing an additional 118 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Modine Manufacturing by 8.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company's stock worth $208,000 after buying an additional 136 shares in the last quarter. Signaturefd LLC grew its position in shares of Modine Manufacturing by 6.0% during the 4th quarter. Signaturefd LLC now owns 2,786 shares of the auto parts company's stock worth $323,000 after buying an additional 157 shares during the period. Finally, Truist Financial Corp boosted its stake in Modine Manufacturing by 0.5% during the fourth quarter. Truist Financial Corp now owns 34,267 shares of the auto parts company's stock worth $3,973,000 after acquiring an additional 159 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, Director William A. Wulfsohn acquired 2,530 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the transaction, the director now owns 7,277 shares of the company's stock, valued at $578,012.11. The trade was a 53.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.

Modine Manufacturing Stock Up 1.9 %

Modine Manufacturing stock traded up $1.30 during midday trading on Monday, hitting $71.38. 660,362 shares of the stock were exchanged, compared to its average volume of 919,895. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 0.71 and a beta of 2.19. The business's 50-day moving average price is $87.93 and its 200-day moving average price is $114.20. Modine Manufacturing has a 52-week low of $63.78 and a 52-week high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Modine Manufacturing declared that its Board of Directors has authorized a share repurchase program on Friday, March 7th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the auto parts company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, DA Davidson reiterated a "buy" rating and issued a $155.00 target price on shares of Modine Manufacturing in a report on Monday, March 17th.

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.