Yarbrough Capital LLC Purchases New Holdings in Modine Manufacturing (NYSE:MOD)

Yarbrough Capital LLC purchased a new position in shares of Modine Manufacturing (NYSE:MOD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,798 shares of the auto parts company's stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Xponance Inc. lifted its holdings in shares of Modine Manufacturing by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company's stock valued at $328,000 after buying an additional 153 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Modine Manufacturing by 7.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company's stock valued at $314,000 after acquiring an additional 212 shares in the last quarter. Legend Financial Advisors Inc. lifted 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. Bay Rivers Group grew its position in Modine Manufacturing by 6.3% in the third quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company's stock worth $760,000 after acquiring an additional 340 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in shares of Modine Manufacturing by 18.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company's stock worth $274,000 after purchasing an additional 363 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Performance

MOD traded up $1.09 during trading on Friday, hitting $133.64. The stock had a trading volume of 428,094 shares, compared to its average volume of 671,985. The firm has a market cap of $7.02 billion, a PE ratio of 43.82, a P/E/G ratio of 0.91 and a beta of 2.34. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12 month low of $60.00 and a 12 month high of $146.84. The company has a 50 day simple moving average of $127.34 and a 200-day simple moving average of $119.75.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business had revenue of $658.00 million during the quarter, compared to analysts' expectations of $646.86 million. During the same quarter in the previous year, the firm earned $0.89 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. Analysts expect that Modine Manufacturing will post 3.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer lifted 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. DA Davidson upped their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.67.

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.