Illinois Municipal Retirement Fund Invests $612,000 in Modine Manufacturing (NYSE:MOD)

Illinois Municipal Retirement Fund bought a new position in Modine Manufacturing (NYSE:MOD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,276 shares of the auto parts company's stock, valued at approximately $612,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its position in Modine Manufacturing by 14.0% in the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company's stock valued at $586,657,000 after buying an additional 543,419 shares in the last quarter. State Street Corp increased its holdings in shares of Modine Manufacturing by 1.5% during the third quarter. State Street Corp now owns 1,219,916 shares of the auto parts company's stock valued at $161,993,000 after acquiring an additional 18,108 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Modine Manufacturing by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company's stock worth $155,522,000 after purchasing an additional 9,648 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Modine Manufacturing by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company's stock worth $153,072,000 after purchasing an additional 26,527 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Modine Manufacturing in the 3rd quarter valued at $91,193,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Modine Manufacturing

In related news, Director William A. Wulfsohn acquired 2,530 shares of the stock in a transaction on Monday, March 3rd. The shares were 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 owns 7,277 shares in the company, valued at approximately $578,012.11. The trade was a 53.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company's stock.

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Modine Manufacturing Stock Up 6.6 %

Shares of NYSE:MOD traded up $5.03 during midday trading on Friday, hitting $81.09. 1,513,593 shares of the company's stock were exchanged, compared to its average volume of 895,538. Modine Manufacturing has a 12 month low of $72.49 and a 12 month high of $146.84. The company has a market cap of $4.26 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 0.71 and a beta of 2.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The stock has a 50 day moving average price of $105.89 and a 200-day moving average price of $118.26.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. On average, sell-side analysts anticipate that Modine Manufacturing will post 3.88 EPS for the current fiscal 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.