Insider Selling: Modine Manufacturing Co. (MOD) VP Sells 3,500 Shares of Stock

Modine Manufacturing Co. (NYSE:MOD) VP Scott L. Bowser sold 3,500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $24.36, for a total value of $85,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Modine Manufacturing Co. (NYSE MOD) traded down $0.30 during trading on Tuesday, reaching $23.25. The company’s stock had a trading volume of 186,517 shares, compared to its average volume of 429,242. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.84. Modine Manufacturing Co. has a twelve month low of $10.10 and a twelve month high of $24.90. The company has a market capitalization of $1,228.73, a P/E ratio of 16.79 and a beta of 1.34.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, January 30th. The auto parts company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The business had revenue of $512.70 million for the quarter, compared to the consensus estimate of $456.30 million. Modine Manufacturing had a return on equity of 16.54% and a net margin of 0.62%. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. equities analysts expect that Modine Manufacturing Co. will post 1.5 EPS for the current fiscal year.

Several research firms have commented on MOD. Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday. ValuEngine downgraded Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th.

Several large investors have recently made changes to their positions in MOD. Great West Life Assurance Co. Can lifted its holdings in shares of Modine Manufacturing by 142.7% during 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. SG Americas Securities LLC bought a new position in shares of Modine Manufacturing during the third quarter valued at $152,000. UBS Asset Management Americas Inc. bought a new position in shares of Modine Manufacturing during the second quarter valued at $215,000. Trexquant Investment LP bought a new position in shares of Modine Manufacturing during the third quarter valued at $222,000. Finally, Legal & General Group Plc lifted its holdings in shares of Modine Manufacturing by 3.2% during the second quarter. Legal & General Group Plc now owns 16,260 shares of the auto parts company’s stock valued at $269,000 after purchasing an additional 497 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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