Cibc World Market Inc. Has $11.98 Million Stock Holdings in Modine Manufacturing (NYSE:MOD)

Cibc World Market Inc. lowered its stake in Modine Manufacturing (NYSE:MOD - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,362 shares of the auto parts company's stock after selling 43,623 shares during the quarter. Cibc World Market Inc. owned about 0.20% of Modine Manufacturing worth $11,983,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Modine Manufacturing by 90.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock worth $137,000 after purchasing an additional 491 shares during the last quarter. Legend Financial Advisors Inc. lifted its stake in 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 during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Modine Manufacturing by 58.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company's stock valued at $9,274,000 after purchasing an additional 25,648 shares during the period. Campbell Newman Asset Management Inc. grew its holdings in Modine Manufacturing by 38.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company's stock worth $2,811,000 after buying an additional 6,786 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Modine Manufacturing by 20.1% during the 3rd quarter. Victory Capital Management Inc. now owns 157,200 shares of the auto parts company's stock valued at $20,875,000 after acquiring an additional 26,348 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price target on 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 Trading Up 7.8 %

NYSE MOD traded up $7.67 on Wednesday, hitting $106.18. 1,958,046 shares of the company were exchanged, compared to its average volume of 1,268,034. The company's 50 day moving average price is $123.43 and its 200-day moving average price is $120.80. Modine Manufacturing has a twelve month low of $67.77 and a twelve month high of $146.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The firm has a market capitalization of $5.57 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 0.78 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. Analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

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.