Natixis Advisors LLC Buys Shares of 13,970 Modine Manufacturing (NYSE:MOD)

Natixis Advisors LLC purchased a new stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,970 shares of the auto parts company's stock, valued at approximately $1,855,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Modine Manufacturing by 27.3% in the 1st quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company's stock valued at $372,099,000 after buying an additional 838,460 shares during the period. Principal Financial Group Inc. boosted its position in Modine Manufacturing by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company's stock valued at $153,072,000 after buying an additional 26,527 shares during the period. Driehaus Capital Management LLC boosted its position in Modine Manufacturing by 32.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company's stock valued at $110,403,000 after buying an additional 272,174 shares during the period. Fred Alger Management LLC boosted its position in Modine Manufacturing by 5.1% in the 2nd quarter. Fred Alger Management LLC now owns 369,840 shares of the auto parts company's stock valued at $37,054,000 after buying an additional 17,889 shares during the period. Finally, Emerald Advisers LLC boosted its position in Modine Manufacturing by 1.6% in the 3rd quarter. Emerald Advisers LLC now owns 264,349 shares of the auto parts company's stock valued at $35,103,000 after buying an additional 4,199 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Modine Manufacturing Stock Up 1.0 %

Shares of NYSE MOD traded up $1.40 during midday trading on Tuesday, reaching $138.80. 448,936 shares of the company's stock traded hands, compared to its average volume of 847,855. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock's 50 day simple moving average is $129.10 and its 200-day simple moving average is $112.87. Modine Manufacturing has a one year low of $48.88 and a one year high of $146.84. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 1.10 and a beta of 2.25.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. During the same period last year, the firm earned $0.89 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Modine Manufacturing will post 3.83 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.