Lisanti Capital Growth LLC Purchases 4,325 Shares of Modine Manufacturing (NYSE:MOD)

Lisanti Capital Growth LLC increased its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,640 shares of the auto parts company's stock after purchasing an additional 4,325 shares during the quarter. Modine Manufacturing makes up 1.7% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 12th biggest holding. Lisanti Capital Growth LLC owned approximately 0.10% of Modine Manufacturing worth $6,724,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Modine Manufacturing in the first quarter valued at $37,000. Opal Wealth Advisors LLC bought a new stake in shares of Modine Manufacturing during the 2nd quarter valued at about $51,000. West Oak Capital LLC boosted its position in shares of Modine Manufacturing by 300.0% during the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Modine Manufacturing during the second quarter worth approximately $64,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Modine Manufacturing in the second quarter worth approximately $68,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $109.74, for a total value of $3,775,056.00. Following the transaction, the director now owns 144,038 shares of the company's stock, valued at approximately $15,806,730.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.

Modine Manufacturing Stock Up 3.1 %

Shares of Modine Manufacturing stock traded up $4.03 on Monday, hitting $132.15. The company had a trading volume of 660,735 shares, compared to its average volume of 856,721. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 0.98 and a beta of 2.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a 1 year low of $44.69 and a 1 year high of $141.72. The stock has a 50 day moving average of $123.21 and a 200-day moving average of $110.02.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. William Blair assumed coverage on Modine Manufacturing in a research note on Monday, July 29th. They issued an "outperform" rating for the company. B. Riley upped their target price on Modine Manufacturing from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, DA Davidson increased their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $146.67.

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.