Modine Manufacturing Company (NYSE:MOD) VP Matthew J. Mcburney sold 3,522 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.97, for a total transaction of $80,900.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Modine Manufacturing Company (NYSE:MOD) traded down $0.30 on Friday, hitting $22.60. 278,160 shares of the company’s stock were exchanged, compared to its average volume of 318,647. Modine Manufacturing Company has a 1-year low of $10.10 and a 1-year high of $23.95. The firm has a market capitalization of $1,190.59, a PE ratio of 18.05 and a beta of 1.20. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.82.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The business had revenue of $508.30 million during the quarter, compared to analysts’ expectations of $466.33 million. During the same period last year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. equities analysts forecast that Modine Manufacturing Company will post 1.43 earnings per share for the current year.

MOD has been the topic of several research reports. BidaskClub raised shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.00.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its holdings in shares of Modine Manufacturing by 142.7% in the third quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 3,399 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Modine Manufacturing by 11.5% in the first quarter. Bank of America Corp DE now owns 9,799 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 1,008 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Modine Manufacturing in the third quarter valued at approximately $152,000. BNP Paribas Arbitrage SA grew its holdings in shares of Modine Manufacturing by 118.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 5,067 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Modine Manufacturing in the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

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About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

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