Modine Manufacturing Company $MOD Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC lowered its position in Modine Manufacturing Company (NYSE:MOD) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,469 shares of the auto parts company’s stock after selling 4,980 shares during the period. Modine Manufacturing comprises approximately 1.7% of Bridge City Capital LLC’s investment portfolio, making the stock its 17th biggest position. Bridge City Capital LLC owned approximately 0.08% of Modine Manufacturing worth $5,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Xponance LLC increased its stake in shares of Modine Manufacturing by 1.7% during the fourth quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock worth $591,000 after purchasing an additional 75 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Modine Manufacturing by 3.4% during the fourth quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after purchasing an additional 103 shares in the last quarter. Intrust Bank NA increased its stake in shares of Modine Manufacturing by 2.3% during the third quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after purchasing an additional 109 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Modine Manufacturing by 7.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 2,255 shares of the auto parts company’s stock worth $293,000 after purchasing an additional 155 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Modine Manufacturing by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 439 shares of the auto parts company’s stock worth $59,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 0.6%

Shares of NYSE MOD opened at $273.16 on Friday. Modine Manufacturing Company has a 12-month low of $86.48 and a 12-month high of $323.25. The stock has a market cap of $14.43 billion, a PE ratio of 121.95, a P/E/G ratio of 0.89 and a beta of 1.65. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $260.23 and a 200 day moving average of $205.14.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The company had revenue of $954.40 million during the quarter, compared to analysts’ expectations of $920.67 million. During the same quarter in the prior year, the company earned $1.12 EPS. Modine Manufacturing’s revenue was up 47.5% compared to the same quarter last year. As a group, sell-side analysts predict that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on MOD. KeyCorp boosted their target price on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Glj Research reissued a “buy” rating and set a $428.00 target price on shares of Modine Manufacturing in a research note on Monday, June 1st. Oppenheimer boosted their target price on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, DA Davidson boosted their target price on shares of Modine Manufacturing from $265.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $327.14.

About Modine Manufacturing

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.