Livforsakringsbolaget Skandia Omsesidigt Sells 5,100 Shares of Modine Manufacturing (NYSE:MOD)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 37.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,400 shares of the auto parts company's stock after selling 5,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Modine Manufacturing were worth $974,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MOD. Nisa Investment Advisors LLC boosted its holdings in Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock worth $157,000 after acquiring an additional 82 shares in the last quarter. Legend Financial Advisors Inc. lifted its holdings in shares of Modine Manufacturing by 2.9% in the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company's stock worth $1,151,000 after purchasing an additional 279 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Modine Manufacturing by 10.4% in the 4th quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company's stock worth $399,000 after purchasing an additional 325 shares in the last quarter. Bay Rivers Group grew its position in Modine Manufacturing by 6.3% in the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company's stock valued at $760,000 after purchasing an additional 340 shares during the period. Finally, Sovereign Financial Group Inc. increased its stake in Modine Manufacturing by 18.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company's stock valued at $274,000 after purchasing an additional 363 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Down 1.5 %

Shares of NYSE:MOD traded down $1.46 during mid-day trading on Tuesday, hitting $97.31. 935,309 shares of the company traded hands, compared to its average volume of 1,283,208. The stock has a 50-day moving average price of $120.64 and a two-hundred day moving average price of $120.59. Modine Manufacturing has a 12-month low of $69.12 and a 12-month high of $146.84. The stock has a market cap of $5.12 billion, a P/E ratio of 32.66, a P/E/G ratio of 0.75 and a beta of 2.31. The company has a current ratio of 1.87, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. On average, equities research analysts forecast that Modine Manufacturing will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer lifted their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, October 31st.

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.