F M Investments LLC Trims Position in Modine Manufacturing (NYSE:MOD)

F M Investments LLC cut its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,963 shares of the auto parts company's stock after selling 24,610 shares during the period. Modine Manufacturing accounts for 0.9% of F M Investments LLC's investment portfolio, making the stock its 17th biggest position. F M Investments LLC owned approximately 0.38% of Modine Manufacturing worth $26,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MOD. Vanguard Group Inc. lifted its stake 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 worth $372,099,000 after purchasing an additional 838,460 shares in the last quarter. Capital International Investors lifted its stake in Modine Manufacturing by 40.6% in the 1st quarter. Capital International Investors now owns 1,425,845 shares of the auto parts company's stock worth $135,726,000 after purchasing an additional 411,946 shares in the last quarter. Driehaus Capital Management LLC lifted its stake 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 worth $110,403,000 after purchasing an additional 272,174 shares in the last quarter. Emerald Advisers LLC purchased a new stake in Modine Manufacturing in the 2nd quarter worth approximately $26,064,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in Modine Manufacturing by 4,215.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 260,547 shares of the auto parts company's stock worth $26,104,000 after purchasing an additional 254,510 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MOD has been the topic of several research reports. DA Davidson raised their price objective 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 raised their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday. B. Riley raised 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. Finally, William Blair initiated coverage on shares of Modine Manufacturing in a research report on Monday, July 29th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.67.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 34,400 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total value of $3,775,056.00. Following the transaction, the director now owns 144,038 shares in the company, valued at approximately $15,806,730.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company's stock.

Modine Manufacturing Trading Down 5.2 %

Modine Manufacturing stock traded down $6.14 during trading hours on Friday, reaching $111.63. The stock had a trading volume of 982,902 shares, compared to its average volume of 638,140. The stock has a market cap of $5.86 billion, a PE ratio of 36.60, a PEG ratio of 0.90 and a beta of 2.25. Modine Manufacturing has a 52 week low of $39.50 and a 52 week high of $141.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.11. The company has a fifty day simple moving average of $122.85 and a 200-day simple moving average of $108.66.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $658.00 million for the quarter, compared to analysts' expectations of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Modine Manufacturing's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. Analysts forecast that Modine Manufacturing will post 3.85 EPS 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.