SG Americas Securities LLC Sells 8,306 Shares of Modine Manufacturing (NYSE:MOD)

SG Americas Securities LLC cut its stake in Modine Manufacturing (NYSE:MOD - Free Report) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,472 shares of the auto parts company's stock after selling 8,306 shares during the period. SG Americas Securities LLC's holdings in Modine Manufacturing were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Modine Manufacturing during the second quarter valued at approximately $411,000. Millennium Management LLC acquired a new stake in Modine Manufacturing during the second quarter valued at approximately $7,391,000. The Manufacturers Life Insurance Company lifted its position in shares of Modine Manufacturing by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,143 shares of the auto parts company's stock valued at $3,120,000 after acquiring an additional 1,063 shares in the last quarter. Creative Planning lifted its position in shares of Modine Manufacturing by 93.8% in the 2nd quarter. Creative Planning now owns 9,696 shares of the auto parts company's stock valued at $971,000 after acquiring an additional 4,692 shares in the last quarter. Finally, Truist Financial Corp lifted its position in shares of Modine Manufacturing by 12.0% in the 2nd quarter. Truist Financial Corp now owns 34,457 shares of the auto parts company's stock valued at $3,452,000 after acquiring an additional 3,683 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Up 1.0 %

Shares of MOD traded up $0.96 during mid-day trading on Friday, hitting $98.65. 1,744,157 shares of the company's stock were exchanged, compared to its average volume of 1,356,263. Modine Manufacturing has a twelve month low of $69.00 and a twelve month high of $146.84. The firm has a fifty day moving average of $121.42 and a two-hundred day moving average of $120.44. The company has a quick ratio of 1.09, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts forecast that Modine Manufacturing will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.