Oppenheimer Asset Management Inc. Grows Stock Holdings in Modine Manufacturing (NYSE:MOD)

Oppenheimer Asset Management Inc. raised its position in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 65.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,530 shares of the auto parts company's stock after acquiring an additional 8,945 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Modine Manufacturing were worth $2,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. raised its position in shares of Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company's stock worth $63,000 after acquiring an additional 269 shares during the last quarter. Private Trust Co. NA raised its position in shares of Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock valued at $103,000 after purchasing an additional 670 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock valued at $137,000 after acquiring an additional 491 shares during the period. Nisa Investment Advisors LLC boosted its stake in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock valued at $157,000 after buying an additional 82 shares during the period. Finally, KBC Group NV raised its position in shares of Modine Manufacturing by 47.8% during the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company's stock valued at $193,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Trading Down 8.8 %

NYSE:MOD traded down $7.47 during trading hours on Monday, reaching $77.09. The company's stock had a trading volume of 1,809,215 shares, compared to its average volume of 1,459,058. 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 has a 1 year low of $75.82 and a 1 year high of $146.84. The firm has a 50-day simple moving average of $109.18 and a 200-day simple moving average of $119.28. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released 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 net margin of 6.31% and a return on equity of 24.25%. Research analysts expect that Modine Manufacturing will post 3.88 EPS 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.