Versor Investments LP Invests $601,000 in Modine Manufacturing (NYSE:MOD)

Versor Investments LP acquired a new position in Modine Manufacturing (NYSE:MOD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,182 shares of the auto parts company's stock, valued at approximately $601,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its position 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 grew its position in Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company's stock worth $103,000 after buying an additional 670 shares in the last quarter. Farther Finance Advisors LLC grew its position in Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company's stock worth $137,000 after buying an additional 491 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock worth $157,000 after buying an additional 82 shares in the last quarter. Finally, KBC Group NV grew its position in Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company's stock worth $193,000 after buying an additional 471 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

NYSE MOD traded down $7.47 during trading on Monday, reaching $77.09. 1,809,215 shares of the company traded hands, compared to its average volume of 1,459,058. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. The stock's 50 day moving average price is $108.37 and its two-hundred day moving average price is $119.05. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 0.71 and a beta of 2.31. Modine Manufacturing has a 1-year low of $75.82 and a 1-year 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 analysts' consensus estimates 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, analysts anticipate that Modine Manufacturing will post 3.88 EPS for the current year.

Modine Manufacturing Company 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.