Intech Investment Management LLC Buys New Shares in Modine Manufacturing (NYSE:MOD)

Intech Investment Management LLC bought a new position in Modine Manufacturing (NYSE:MOD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,016 shares of the auto parts company's stock, valued at approximately $2,260,000.

Several other large investors also recently added to or reduced their stakes in MOD. Vanguard Group Inc. increased its stake in Modine Manufacturing by 27.3% during the first quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company's stock worth $372,099,000 after acquiring an additional 838,460 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Modine Manufacturing by 32.8% during the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company's stock worth $110,403,000 after acquiring an additional 272,174 shares during the last quarter. Emerald Advisers LLC bought a new stake in Modine Manufacturing during the second quarter worth approximately $26,064,000. Public Employees Retirement Association of Colorado increased its stake in Modine Manufacturing by 4,215.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 260,547 shares of the auto parts company's stock worth $26,104,000 after acquiring an additional 254,510 shares during the last quarter. Finally, F M Investments LLC bought a new stake in Modine Manufacturing during the second quarter worth approximately $22,600,000. 95.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MOD has been the subject of several recent analyst reports. DA Davidson boosted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Oppenheimer boosted their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. William Blair initiated coverage on Modine Manufacturing in a research report on Monday, July 29th. They set an "outperform" rating for the company. Finally, B. Riley boosted their target price on Modine Manufacturing from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Modine Manufacturing has an average rating of "Moderate Buy" and an average target price of $146.67.

Modine Manufacturing Trading Down 4.1 %

Shares of NYSE MOD traded down $5.82 during trading hours on Monday, reaching $137.40. The stock had a trading volume of 884,023 shares, compared to its average volume of 849,600. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 1.10 and a beta of 2.25. The business's fifty day moving average price is $128.63 and its two-hundred day moving average price is $112.62. Modine Manufacturing has a 52-week low of $48.88 and a 52-week high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Modine Manufacturing's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Analysts expect that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

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.