Peregrine Capital Management LLC Purchases 9,920 Shares of Modine Manufacturing (NYSE:MOD)

Peregrine Capital Management LLC lifted its position in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,949 shares of the auto parts company's stock after purchasing an additional 9,920 shares during the period. Peregrine Capital Management LLC owned 0.19% of Modine Manufacturing worth $11,703,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MOD. Farther Finance Advisors LLC raised its position in Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock worth $137,000 after acquiring an additional 491 shares during the period. Entropy Technologies LP purchased a new position in Modine Manufacturing in the fourth quarter valued at about $452,000. Legend Financial Advisors Inc. boosted its stake in 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 valued at $1,151,000 after acquiring an additional 279 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Modine Manufacturing by 58.0% in the third quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company's stock valued at $9,274,000 after acquiring an additional 25,648 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in Modine Manufacturing by 38.9% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company's stock valued at $2,811,000 after acquiring an additional 6,786 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded down $7.80 during midday trading on Friday, hitting $86.29. The company's stock had a trading volume of 1,655,720 shares, compared to its average volume of 1,366,189. The stock has a fifty day moving average price of $114.04 and a 200 day moving average price of $119.71. Modine Manufacturing has a one year low of $78.58 and a one year high of $146.84. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 0.67 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. On average, research analysts forecast that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.