Legato Capital Management LLC Purchases 4,363 Shares of Modine Manufacturing (NYSE:MOD)

Legato Capital Management LLC lifted its stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,811 shares of the auto parts company's stock after buying an additional 4,363 shares during the quarter. Legato Capital Management LLC owned about 0.05% of Modine Manufacturing worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock valued at $103,000 after buying an additional 670 shares during the period. Farther Finance Advisors LLC increased its position in shares of Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock valued at $137,000 after buying an additional 491 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock valued at $157,000 after buying an additional 82 shares during the period. KBC Group NV increased its position in shares of Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company's stock valued at $193,000 after buying an additional 471 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Modine Manufacturing during the third quarter valued at about $196,000. Hedge funds and other institutional investors own 95.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price target 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.

Modine Manufacturing Stock Down 0.7 %

NYSE:MOD traded down $0.65 during mid-day trading on Friday, hitting $92.38. 1,771,103 shares of the company's stock were exchanged, compared to its average volume of 1,356,263. Modine Manufacturing has a one year low of $75.23 and a one year high of $146.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.09. The business has a fifty day moving average price of $117.09 and a 200 day moving average price of $120.12. The company has a market cap of $4.86 billion, a PE ratio of 31.00, a P/E/G ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, topping 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%. Equities analysts predict that Modine Manufacturing will post 3.85 EPS for the current 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.