Bridge City Capital LLC Has $5.35 Million Stock Holdings in Modine Manufacturing (NYSE:MOD)

Bridge City Capital LLC grew its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 56.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,161 shares of the auto parts company's stock after buying an additional 16,603 shares during the period. Modine Manufacturing accounts for about 1.4% of Bridge City Capital LLC's portfolio, making the stock its 20th biggest holding. Bridge City Capital LLC owned approximately 0.09% of Modine Manufacturing worth $5,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis Advisors LLC acquired a new stake in Modine Manufacturing during the 3rd quarter valued at $1,855,000. Pathstone Holdings LLC lifted its stake in shares of Modine Manufacturing by 48.2% during the 3rd quarter. Pathstone Holdings LLC now owns 10,421 shares of the auto parts company's stock worth $1,384,000 after buying an additional 3,391 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Modine Manufacturing during the 3rd quarter worth about $1,311,000. Intech Investment Management LLC bought a new stake in shares of Modine Manufacturing during the 3rd quarter worth about $2,260,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Modine Manufacturing by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 604,271 shares of the auto parts company's stock valued at $80,241,000 after buying an additional 6,871 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, Director William A. Wulfsohn acquired 2,530 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the completion of the transaction, the director now directly owns 7,277 shares of the company's stock, valued at $578,012.11. This trade represents a 53.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company's stock.

Modine Manufacturing Stock Performance

Shares of MOD traded up $0.71 during midday trading on Tuesday, reaching $93.53. 1,208,373 shares of the stock were exchanged, compared to its average volume of 884,117. The stock's 50 day simple moving average is $97.61 and its 200 day simple moving average is $115.90. The company has a market cap of $4.92 billion, a P/E ratio of 31.39, a PEG ratio of 0.71 and a beta of 2.48. Modine Manufacturing has a twelve month low of $72.49 and a twelve month high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

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, sell-side analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current year.

Modine Manufacturing announced that its Board of Directors has authorized a share buyback program on Friday, March 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the auto parts company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a "buy" rating and set a $155.00 price objective on shares of Modine Manufacturing in a research 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.