Entropy Technologies LP Invests $452,000 in Modine Manufacturing (NYSE:MOD)

Entropy Technologies LP bought a new position in shares of Modine Manufacturing (NYSE:MOD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,900 shares of the auto parts company's stock, valued at approximately $452,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MOD. Wasatch Advisors LP purchased a new position in shares of Modine Manufacturing in the third quarter valued at approximately $91,193,000. FMR LLC boosted its stake in shares of 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 purchasing an additional 543,419 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Modine Manufacturing in the third quarter valued at approximately $31,961,000. Fiera Capital Corp acquired a new stake in Modine Manufacturing in the third quarter valued at approximately $21,195,000. Finally, New York State Common Retirement Fund raised its holdings in 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 acquiring an additional 87,553 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Stock Down 0.7 %

NYSE:MOD traded down $0.65 during mid-day trading on Friday, hitting $92.38. The stock had a trading volume of 1,771,103 shares, compared to its average volume of 1,356,263. The stock has a 50-day simple moving average of $117.09 and a two-hundred day simple moving average of $120.27. The company has a market capitalization of $4.86 billion, a PE ratio of 31.00, a PEG ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a twelve month low of $75.23 and a twelve month high of $146.84. The company has a current ratio of 1.87, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38.

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, 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, equities research analysts anticipate that Modine Manufacturing will post 3.85 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised 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 Company 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.