Campbell Newman Asset Management Inc. Buys 6,786 Shares of Modine Manufacturing (NYSE:MOD)

Campbell Newman Asset Management Inc. lifted its stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,249 shares of the auto parts company's stock after acquiring an additional 6,786 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Modine Manufacturing were worth $2,811,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Park Avenue Securities LLC lifted its holdings in shares of Modine Manufacturing by 31.6% during the fourth quarter. Park Avenue Securities LLC now owns 2,258 shares of the auto parts company's stock valued at $262,000 after purchasing an additional 542 shares during the last quarter. Sovereign Financial Group Inc. raised its holdings in Modine Manufacturing by 18.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company's stock worth $274,000 after buying an additional 363 shares during the period. West Oak Capital LLC lifted its stake in Modine Manufacturing by 298.3% during the fourth quarter. West Oak Capital LLC now owns 2,390 shares of the auto parts company's stock valued at $277,000 after buying an additional 1,790 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company's stock worth $1,151,000 after buying an additional 279 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Modine Manufacturing by 2.4% in the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company's stock worth $153,072,000 after acquiring an additional 26,527 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Up 4.2 %

Shares of MOD stock traded up $5.25 during trading on Wednesday, hitting $129.96. 855,971 shares of the company were exchanged, compared to its average volume of 723,491. The business's 50-day simple moving average is $127.24 and its 200 day simple moving average is $119.68. Modine Manufacturing has a twelve month low of $60.00 and a twelve month high of $146.84. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 1.01 and a beta of 2.34. 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 (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 analysts' consensus estimates of $0.92 by $0.05. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $646.86 million. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on MOD shares. DA Davidson upped their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Oppenheimer increased their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.67.

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.