Oppenheimer & Co. Inc. Purchases 16,539 Shares of Modine Manufacturing (NYSE:MOD)

Oppenheimer & Co. Inc. increased its holdings in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 67.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,069 shares of the auto parts company's stock after acquiring an additional 16,539 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.08% of Modine Manufacturing worth $5,454,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise boosted its stake in Modine Manufacturing by 9.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company's stock valued at $117,000 after purchasing an additional 104 shares during the period. Xponance Inc. grew its stake in shares of Modine Manufacturing by 4.9% in the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock valued at $328,000 after acquiring an additional 153 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company's stock worth $2,123,000 after purchasing an additional 155 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in Modine Manufacturing by 2.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company's stock valued at $701,000 after purchasing an additional 200 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Modine Manufacturing by 7.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company's stock worth $314,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Price Performance

Shares of MOD stock traded down $0.03 on Friday, reaching $120.14. The company had a trading volume of 287,432 shares, compared to its average volume of 852,472. Modine Manufacturing has a one year low of $48.10 and a one year high of $141.72. 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 has a market capitalization of $6.31 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 0.98 and a beta of 2.25. The business's 50-day moving average is $124.49 and its 200 day moving average is $110.67.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $646.86 million. During the same period last year, the firm posted $0.89 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts forecast that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DA Davidson increased their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. B. Riley boosted their price target on Modine Manufacturing from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Oppenheimer increased their price objective 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. Finally, William Blair initiated coverage on shares of Modine Manufacturing in a report on Monday, July 29th. They set an "outperform" rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Modine Manufacturing has a consensus rating of "Moderate Buy" and an average target price of $146.67.

Modine Manufacturing 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.