Modine Manufacturing (NYSE:MOD) Holdings Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Modine Manufacturing (NYSE:MOD - Free Report) by 50.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,032 shares of the auto parts company's stock after acquiring an additional 10,430 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Modine Manufacturing worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MOD. Opal Wealth Advisors LLC acquired a new position in shares of Modine Manufacturing in the 2nd quarter valued at about $51,000. West Oak Capital LLC boosted its holdings in Modine Manufacturing by 300.0% in the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company's stock worth $60,000 after acquiring an additional 450 shares during the period. Fifth Third Bancorp acquired a new stake in Modine Manufacturing in the second quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $68,000. Finally, Private Trust Co. NA lifted its position in shares of Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock worth $103,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MOD. Oppenheimer raised their price target 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. DA Davidson raised their target price on Modine Manufacturing from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.67.

Modine Manufacturing Stock Down 2.1 %

MOD stock traded down $2.96 during mid-day trading on Thursday, hitting $137.65. 321,124 shares of the company were exchanged, compared to its average volume of 837,832. The firm has a fifty day simple moving average of $130.30 and a 200 day simple moving average of $114.33. The company has a market capitalization of $7.23 billion, a PE ratio of 45.13, a price-to-earnings-growth ratio of 1.07 and a beta of 2.31. Modine Manufacturing has a twelve month low of $50.59 and a twelve month high of $146.84. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $646.86 million. During the same period in the previous year, the company earned $0.89 earnings per share. Modine Manufacturing's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that Modine Manufacturing will post 3.83 earnings per share 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.