State Street Corp Purchases 18,108 Shares of Modine Manufacturing (NYSE:MOD)

State Street Corp increased its position in Modine Manufacturing (NYSE:MOD - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,219,916 shares of the auto parts company's stock after buying an additional 18,108 shares during the quarter. State Street Corp owned about 2.32% of Modine Manufacturing worth $161,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. West Oak Capital LLC grew its stake in Modine Manufacturing by 300.0% during the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company's stock valued at $60,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale acquired a new position in Modine Manufacturing during the 2nd quarter worth $68,000. Private Trust Co. NA lifted its holdings in Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock worth $103,000 after purchasing an additional 670 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Modine Manufacturing by 9.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company's stock valued at $117,000 after acquiring an additional 104 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

MOD traded up $3.85 during midday trading on Friday, hitting $132.07. The company had a trading volume of 699,403 shares, compared to its average volume of 832,741. The company has a market capitalization of $6.93 billion, a PE ratio of 43.30, a P/E/G ratio of 1.01 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The firm's 50-day simple moving average is $130.36 and its 200-day simple moving average is $115.63. Modine Manufacturing has a twelve month low of $54.35 and a twelve month high of $146.84.

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 for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. The business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Modine Manufacturing's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Equities research analysts predict that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

MOD has been the topic of several recent research reports. DA Davidson lifted their price objective on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Oppenheimer upped their price objective 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.67.

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.