Modine Manufacturing (NYSE:MOD) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Modine Manufacturing (NYSE:MOD) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,234 shares of the auto parts company’s stock after acquiring an additional 964 shares during the period. Stifel Financial Corp’s holdings in Modine Manufacturing were worth $2,952,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Quantinno Capital Management LP acquired a new stake in shares of Modine Manufacturing in the third quarter worth approximately $218,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at approximately $3,174,000. HighTower Advisors LLC lifted its stake in shares of Modine Manufacturing by 21.5% in the 3rd quarter. HighTower Advisors LLC now owns 6,474 shares of the auto parts company’s stock valued at $861,000 after purchasing an additional 1,147 shares during the last quarter. Concentric Capital Strategies LP lifted its position in Modine Manufacturing by 826.3% in the third quarter. Concentric Capital Strategies LP now owns 64,286 shares of the auto parts company’s stock valued at $8,537,000 after buying an additional 57,346 shares during the last quarter. Finally, Atom Investors LP purchased a new position in shares of Modine Manufacturing during the 3rd quarter worth approximately $210,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson boosted their target price 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 issued a buy rating to the company. According to data from MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $146.67.

Modine Manufacturing Stock Down 5.1 %

MOD stock opened at $127.70 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. Modine Manufacturing has a 12 month low of $55.87 and a 12 month high of $146.84. The company has a fifty day moving average price of $130.29 and a 200 day moving average price of $116.29. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.01 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data 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. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. Modine Manufacturing’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Sell-side analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current year.

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.