Universal Beteiligungs und Servicegesellschaft mbH Raises Position in Modine Manufacturing Company $MOD

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Modine Manufacturing Company (NYSE:MOD) by 25.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,102 shares of the auto parts company’s stock after purchasing an additional 14,597 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Modine Manufacturing worth $10,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in Modine Manufacturing in the third quarter valued at about $38,000. Parkside Financial Bank & Trust increased its holdings in shares of Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 405 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Modine Manufacturing by 52.6% in the 2nd quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 193 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Modine Manufacturing in the 2nd quarter worth approximately $57,000. Finally, Toth Financial Advisory Corp acquired a new stake in Modine Manufacturing in the 3rd quarter worth approximately $57,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $200.00 price target on shares of Modine Manufacturing in a research note on Wednesday, November 19th. Oppenheimer raised their target price on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. UBS Group began coverage on Modine Manufacturing in a research report on Thursday, November 20th. They set a “buy” rating and a $173.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Finally, Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

Insider Buying and Selling

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total value of $5,117,207.76. Following the sale, the chief executive officer owned 238,312 shares in the company, valued at approximately $38,263,374.72. This represents a 11.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Suresh V. Garimella sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $150.00, for a total transaction of $165,000.00. Following the sale, the director directly owned 80,956 shares in the company, valued at $12,143,400. The trade was a 1.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.48% of the company’s stock.

Modine Manufacturing Trading Down 0.9%

NYSE MOD opened at $146.13 on Friday. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $166.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The company has a market capitalization of $7.69 billion, a PE ratio of 42.23, a P/E/G ratio of 0.93 and a beta of 1.70. The company has a fifty day moving average of $141.67 and a 200 day moving average of $139.02.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. The business had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Research analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.