Modine Manufacturing Company $MOD Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its holdings in Modine Manufacturing Company (NYSE:MOD) by 394.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,353 shares of the auto parts company’s stock after buying an additional 6,663 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Modine Manufacturing were worth $1,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MOD. Spire Wealth Management acquired a new position in Modine Manufacturing in the fourth quarter valued at $27,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing in the third quarter valued at $39,000. Danske Bank A S acquired a new position in Modine Manufacturing in the third quarter valued at $43,000. AdvisorShares Investments LLC increased its stake in Modine Manufacturing by 154.0% in the third quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 288 shares during the last quarter. Finally, Maseco LLP acquired a new position in Modine Manufacturing in the fourth quarter valued at $69,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of NYSE:MOD opened at $279.83 on Monday. The firm has a market capitalization of $14.78 billion, a PE ratio of 124.93, a P/E/G ratio of 0.92 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The business has a 50-day moving average of $246.44 and a two-hundred day moving average of $195.39. Modine Manufacturing Company has a 12 month low of $86.48 and a 12 month high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm’s revenue was up 47.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. As a group, research analysts forecast that Modine Manufacturing Company will post 7.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOD has been the subject of several analyst reports. Roth Mkm initiated coverage on Modine Manufacturing in a research note on Wednesday, February 18th. They issued a “buy” rating and a $263.00 target price for the company. Wall Street Zen upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Glj Research initiated coverage on Modine Manufacturing in a research note on Monday, March 30th. They issued a “buy” rating and a $290.00 target price for the company. KeyCorp upped their price target on Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Finally, UBS Group upped their price target on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $307.43.

Modine Manufacturing 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.