Sanctuary Advisors LLC Sells 4,668 Shares of Modine Manufacturing (NYSE:MOD)

Sanctuary Advisors LLC decreased its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,814 shares of the auto parts company's stock after selling 4,668 shares during the quarter. Sanctuary Advisors LLC's holdings in Modine Manufacturing were worth $674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock valued at $137,000 after buying an additional 491 shares in the last quarter. Entropy Technologies LP bought a new stake in Modine Manufacturing during the 4th quarter worth approximately $452,000. Legend Financial Advisors Inc. lifted its holdings in Modine Manufacturing by 2.9% during 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 purchasing an additional 279 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Modine Manufacturing by 58.0% during the third 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 in the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of Modine Manufacturing by 38.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company's stock worth $2,811,000 after purchasing an additional 6,786 shares during the period. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Price Performance

Shares of NYSE MOD traded down $7.47 during midday trading on Monday, reaching $77.09. The stock had a trading volume of 1,809,215 shares, compared to its average volume of 1,459,058. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31. Modine Manufacturing has a 12-month low of $75.82 and a 12-month high of $146.84. The stock has a 50-day moving average of $109.18 and a 200-day moving average of $119.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) 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%. As a group, research analysts anticipate 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.