Situational Awareness LP bought a new position in shares of Modine Manufacturing (NYSE:MOD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 66,367 shares of the auto parts company's stock, valued at approximately $7,694,000. Modine Manufacturing makes up about 3.0% of Situational Awareness LP's holdings, making the stock its 6th biggest position. Situational Awareness LP owned about 0.13% of Modine Manufacturing as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Modine Manufacturing by 567.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 193 shares during the period. Principal Securities Inc. grew its stake in Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company's stock worth $63,000 after buying an additional 269 shares in the last quarter. Private Trust Co. NA increased its holdings in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock valued at $103,000 after buying an additional 670 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock worth $157,000 after acquiring an additional 82 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Modine Manufacturing during the 3rd quarter worth approximately $196,000. Institutional investors own 95.23% of the company's stock.
Insider Activity at Modine Manufacturing
In related news, Director William A. Wulfsohn acquired 2,530 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the acquisition, the director now directly owns 7,277 shares of the company's stock, valued at approximately $578,012.11. This trade represents a 53.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.
Modine Manufacturing Price Performance
MOD stock traded down $0.84 during trading on Friday, reaching $79.12. 1,764,534 shares of the company were exchanged, compared to its average volume of 910,515. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 26.55, a P/E/G ratio of 0.71 and a beta of 2.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The company has a 50-day moving average of $93.98 and a two-hundred day moving average of $115.43. Modine Manufacturing has a twelve month low of $72.49 and a twelve month high of $146.84.
Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, equities analysts predict that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.
Modine Manufacturing announced that its Board of Directors has authorized a stock repurchase plan on Friday, March 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the auto parts company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, DA Davidson reaffirmed a "buy" rating and issued a $155.00 target price on shares of Modine Manufacturing in a report on Monday, March 17th.
Check Out Our Latest Stock Report on Modine Manufacturing
About Modine Manufacturing
(
Free Report)
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.
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