Modine Manufacturing Company (NYSE:MOD) VP Holger Schwab sold 7,572 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $22.62, for a total transaction of $171,278.64. Following the transaction, the vice president now owns 50,159 shares in the company, valued at $1,134,596.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Modine Manufacturing Company (NYSE:MOD) traded down $0.25 during trading hours on Wednesday, hitting $21.55. 468,400 shares of the company’s stock traded hands, compared to its average volume of 319,352. Modine Manufacturing Company has a 12-month low of $10.10 and a 12-month high of $23.95. The firm has a market capitalization of $1,097.46, a P/E ratio of 16.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 1.25.

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

A number of brokerages recently weighed in on MOD. Zacks Investment Research downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, BidaskClub downgraded shares of Modine Manufacturing from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $24.00.

Several large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can boosted its position 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 acquiring an additional 3,399 shares during the period. Bank of America Corp DE boosted its position 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 acquiring an additional 1,008 shares during the period. SG Americas Securities LLC bought a new stake in shares of Modine Manufacturing in the third quarter valued at about $152,000. BNP Paribas Arbitrage SA boosted its position 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 acquiring an additional 5,067 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Modine Manufacturing in the second quarter valued at about $215,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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Modine Manufacturing Company Profile

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.

Insider Buying and Selling by Quarter for Modine Manufacturing (NYSE:MOD)

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