Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn Acquires 2,530 Shares of Stock

Modine Manufacturing (NYSE:MOD - Get Free Report) Director William A. Wulfsohn purchased 2,530 shares of Modine Manufacturing stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $79.43 per share, with a total value of $200,957.90. Following the transaction, the director now owns 7,277 shares in the company, valued at $578,012.11. This trade represents a 53.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Modine Manufacturing Stock Up 6.6 %

NYSE:MOD traded up $5.03 during trading hours on Friday, hitting $81.09. 1,514,917 shares of the company traded hands, compared to its average volume of 895,816. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The firm's 50-day simple moving average is $105.13 and its 200-day simple moving average is $118.05. Modine Manufacturing has a one year low of $72.49 and a one year high of $146.84. The company has a market cap of $4.26 billion, a PE ratio of 27.21, a PEG ratio of 0.71 and a beta of 2.48.

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, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Equities analysts predict that Modine Manufacturing will post 3.88 earnings per share for the current year.

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

Institutional Investors Weigh In On Modine Manufacturing

Large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Modine Manufacturing in the fourth quarter worth approximately $12,674,000. Jefferies Financial Group Inc. bought a new position in Modine Manufacturing in the fourth quarter worth $2,290,000. Invst LLC increased its holdings in shares of Modine Manufacturing by 4.1% during the fourth quarter. Invst LLC now owns 8,583 shares of the auto parts company's stock valued at $995,000 after acquiring an additional 338 shares in the last quarter. Palisades Investment Partners LLC increased its holdings in shares of Modine Manufacturing by 10.6% during the fourth quarter. Palisades Investment Partners LLC now owns 112,147 shares of the auto parts company's stock valued at $13,001,000 after acquiring an additional 10,775 shares in the last quarter. Finally, Castleark Management LLC increased its holdings in shares of Modine Manufacturing by 9.0% during the fourth quarter. Castleark Management LLC now owns 72,550 shares of the auto parts company's stock valued at $8,411,000 after acquiring an additional 6,010 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

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.