Modine Manufacturing (NYSE:MOD) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 272.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,235 shares of the auto parts company's stock after buying an additional 67,465 shares during the period. Barclays PLC owned 0.18% of Modine Manufacturing worth $12,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in Modine Manufacturing by 90.9% during the 3rd 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 during the last quarter. Harbor Capital Advisors Inc. grew its position in Modine Manufacturing by 58.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company's stock worth $9,274,000 after purchasing an additional 25,648 shares during the last quarter. Fred Alger Management LLC increased its stake in Modine Manufacturing by 5.1% in the second quarter. Fred Alger Management LLC now owns 369,840 shares of the auto parts company's stock valued at $37,054,000 after purchasing an additional 17,889 shares during the period. Victory Capital Management Inc. increased its stake in Modine Manufacturing by 20.1% in the third quarter. Victory Capital Management Inc. now owns 157,200 shares of the auto parts company's stock valued at $20,875,000 after purchasing an additional 26,348 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Modine Manufacturing by 15.8% in the third quarter. Raymond James & Associates now owns 30,812 shares of the auto parts company's stock valued at $4,092,000 after buying an additional 4,206 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of NYSE:MOD traded up $2.47 during midday trading on Monday, hitting $134.54. The stock had a trading volume of 680,648 shares, compared to its average volume of 832,112. Modine Manufacturing has a 1 year low of $55.87 and a 1 year high of $146.84. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $130.36 and a two-hundred day moving average price of $115.87. The company has a market capitalization of $7.06 billion, a PE ratio of 43.30, a P/E/G ratio of 1.01 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (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 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 prior year, the business posted $0.89 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. DA Davidson lifted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.67.

About Modine Manufacturing

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.