New York State Common Retirement Fund Purchases 22,259 Shares of Modine Manufacturing (NYSE:MOD)

New York State Common Retirement Fund grew its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 247,975 shares of the auto parts company's stock after acquiring an additional 22,259 shares during the period. New York State Common Retirement Fund owned 0.47% of Modine Manufacturing worth $28,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wasatch Advisors LP bought a new position in Modine Manufacturing in the 3rd quarter worth $91,193,000. FMR LLC increased its position in Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company's stock worth $586,657,000 after buying an additional 543,419 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Modine Manufacturing in the third quarter worth about $31,961,000. Fiera Capital Corp purchased a new position in shares of Modine Manufacturing during the 3rd quarter valued at about $21,195,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Modine Manufacturing during the 3rd quarter valued at approximately $9,379,000. Hedge funds and other institutional investors own 95.23% of the company's stock.

Analysts Set New Price Targets

Separately, Oppenheimer raised their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded down $7.80 during trading on Friday, hitting $86.29. 1,655,720 shares of the company's stock were exchanged, compared to its average volume of 1,366,189. The business's 50-day simple moving average is $114.04 and its 200 day simple moving average is $119.71. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 0.67 and a beta of 2.31. Modine Manufacturing has a 52-week low of $78.58 and a 52-week high of $146.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Modine Manufacturing will post 3.88 EPS for the current 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.