Segall Bryant & Hamill LLC Cuts Position in Modine Manufacturing (NYSE:MOD)

Segall Bryant & Hamill LLC trimmed its position in Modine Manufacturing (NYSE:MOD - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,512 shares of the auto parts company's stock after selling 4,250 shares during the period. Segall Bryant & Hamill LLC owned 0.39% of Modine Manufacturing worth $27,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MOD. Banque Cantonale Vaudoise grew its position in shares of Modine Manufacturing by 9.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company's stock worth $117,000 after buying an additional 104 shares during the period. Xponance Inc. grew its stake in shares of Modine Manufacturing by 4.9% in the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock worth $328,000 after acquiring an additional 153 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Modine Manufacturing by 0.7% in the second quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company's stock worth $2,123,000 after acquiring an additional 155 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Modine Manufacturing by 2.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company's stock worth $701,000 after acquiring an additional 200 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of 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 worth $314,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MOD shares. DA Davidson raised their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. B. Riley raised their target price on Modine Manufacturing from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Finally, William Blair started coverage on Modine Manufacturing in a research report on Monday, July 29th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $146.67.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded down $2.50 during trading on Wednesday, hitting $133.51. The company had a trading volume of 247,498 shares, compared to its average volume of 849,726. The stock has a 50 day simple moving average of $126.39 and a 200 day simple moving average of $111.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a 12 month low of $48.88 and a 12 month high of $141.72. The firm has a market capitalization of $7.01 billion, a P/E ratio of 44.61, a price-to-earnings-growth ratio of 0.95 and a beta of 2.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. As a group, analysts anticipate 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.