Modine Manufacturing (NYSE:MOD) Stock Holdings Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Modine Manufacturing (NYSE:MOD - Free Report) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 965,695 shares of the auto parts company's stock after selling 287,318 shares during the quarter. JPMorgan Chase & Co. owned about 1.84% of Modine Manufacturing worth $128,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its position in shares of Modine Manufacturing by 9.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company's stock worth $117,000 after buying an additional 104 shares during the period. Xponance Inc. boosted its holdings in Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock worth $328,000 after acquiring an additional 153 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Modine Manufacturing by 7.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company's stock valued at $314,000 after purchasing an additional 212 shares during the period. Arizona State Retirement System lifted its position in shares of Modine Manufacturing by 1.8% during the second quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company's stock worth $1,391,000 after purchasing an additional 246 shares in the last quarter. Finally, Bay Rivers Group boosted its stake in shares of Modine Manufacturing by 6.3% in the third quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company's stock valued at $760,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Up 0.2 %

Shares of MOD traded up $0.24 during midday trading on Thursday, hitting $116.17. The company had a trading volume of 534,545 shares, compared to its average volume of 825,151. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.01 and a beta of 2.31. The company's 50 day moving average price is $127.04 and its 200 day moving average price is $117.96. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 52 week low of $57.19 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results 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. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. During the same quarter last year, the business posted $0.89 EPS. Modine Manufacturing's quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Modine Manufacturing will post 3.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MOD. Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. DA Davidson increased their price target on Modine Manufacturing from $140.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Modine Manufacturing currently has an average rating of "Moderate Buy" and an average price target of $146.67.

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.