Oppenheimer & Co. Inc. Increases Position in Modine Manufacturing (NYSE:MOD)

Oppenheimer & Co. Inc. increased its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,892 shares of the auto parts company's stock after buying an additional 8,823 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.10% of Modine Manufacturing worth $5,784,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company's stock worth $586,657,000 after buying an additional 543,419 shares during the last quarter. State Street Corp boosted its position in Modine Manufacturing by 1.5% in the 3rd quarter. State Street Corp now owns 1,219,916 shares of the auto parts company's stock worth $161,993,000 after purchasing an additional 18,108 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Modine Manufacturing by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company's stock worth $155,522,000 after purchasing an additional 9,648 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Modine Manufacturing by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company's stock valued at $153,072,000 after purchasing an additional 26,527 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new position in shares of Modine Manufacturing in the 3rd quarter valued at $91,193,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Performance

NYSE MOD traded down $7.47 during mid-day trading on Monday, reaching $77.09. 1,809,215 shares of the stock were exchanged, compared to its average volume of 1,459,058. Modine Manufacturing has a 1 year low of $75.82 and a 1 year high of $146.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. The company has a market capitalization of $4.05 billion, a P/E ratio of 25.87, a P/E/G ratio of 0.71 and a beta of 2.31. The business's 50 day moving average is $108.37 and its 200-day moving average is $119.05.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share 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%. On average, equities research analysts forecast that Modine Manufacturing will post 3.88 EPS for the current fiscal 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.