Harbor Capital Advisors Inc. Has $6.64 Million Stake in Modine Manufacturing (NYSE:MOD)

Harbor Capital Advisors Inc. reduced its position in Modine Manufacturing (NYSE:MOD - Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,271 shares of the auto parts company's stock after selling 12,568 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.11% of Modine Manufacturing worth $6,639,000 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. Xponance Inc. raised its stake in shares of Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock valued at $328,000 after acquiring an additional 153 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Modine Manufacturing by 7.3% in 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 boosted its position in shares of Modine Manufacturing by 1.8% in the second quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company's stock worth $1,391,000 after buying an additional 246 shares during the period. Legend Financial Advisors Inc. grew its stake in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company's stock valued at $1,151,000 after buying an additional 279 shares in the last quarter. Finally, Bay Rivers Group raised its holdings in shares of Modine Manufacturing by 6.3% during the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company's stock valued at $760,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 95.23% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MOD shares. Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. DA Davidson boosted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $146.67.

Modine Manufacturing Stock Down 1.7 %

Shares of Modine Manufacturing stock traded down $2.10 during midday trading on Friday, hitting $119.00. The company's stock had a trading volume of 638,703 shares, compared to its average volume of 675,567. The firm has a market capitalization of $6.25 billion, a P/E ratio of 39.02, a PEG ratio of 1.01 and a beta of 2.34. Modine Manufacturing has a 1-year low of $60.00 and a 1-year high of $146.84. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock has a 50-day simple moving average of $126.68 and a 200-day simple moving average of $118.88.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. The firm had revenue of $658.00 million for 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%. The firm's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, sell-side analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current year.

Modine Manufacturing 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.