Calamos Advisors LLC Boosts Stock Holdings in Modine Manufacturing (NYSE:MOD)

Calamos Advisors LLC lifted its position in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,695 shares of the auto parts company's stock after purchasing an additional 4,229 shares during the period. Calamos Advisors LLC owned about 0.06% of Modine Manufacturing worth $3,443,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wasatch Advisors LP purchased a new stake in Modine Manufacturing in the third quarter valued at $91,193,000. FMR LLC lifted its position in Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company's stock valued at $586,657,000 after acquiring an additional 543,419 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in Modine Manufacturing in the third quarter valued at $31,961,000. Fiera Capital Corp purchased a new stake in shares of Modine Manufacturing in the third quarter valued at about $21,195,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Modine Manufacturing by 63.4% in the third quarter. New York State Common Retirement Fund now owns 225,716 shares of the auto parts company's stock valued at $29,973,000 after buying an additional 87,553 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, October 31st.

Modine Manufacturing Price Performance

MOD traded up $0.96 on Friday, hitting $98.65. 1,744,157 shares of the company were exchanged, compared to its average volume of 1,356,263. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.09 and a current ratio of 1.87. The business's fifty day moving average is $121.42 and its 200 day moving average is $120.43. Modine Manufacturing has a fifty-two week low of $69.00 and a fifty-two week high of $146.84. The firm has a market capitalization of $5.19 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results 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%. As a group, sell-side analysts anticipate that Modine Manufacturing will post 3.85 EPS for the current year.

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.