Modine Manufacturing (NYSE:MOD) VP Brian Jon Agen Sells 38,282 Shares of Stock

Modine Manufacturing Company (NYSE:MOD) VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.17, for a total value of $11,299,697.94. Following the transaction, the vice president owned 66,343 shares of the company’s stock, valued at $19,582,463.31. This trade represents a 36.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Modine Manufacturing Stock Performance

Shares of Modine Manufacturing stock opened at $294.75 on Tuesday. Modine Manufacturing Company has a 52 week low of $86.48 and a 52 week high of $323.25. The company has a quick ratio of 1.25, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $268.23 and a 200-day moving average price of $211.05. The company has a market cap of $15.57 billion, a PE ratio of 131.58, a price-to-earnings-growth ratio of 0.96 and a beta of 1.65.

Modine Manufacturing (NYSE:MOD) last announced its earnings results 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 return on equity of 24.39% and a net margin of 3.82%.The company had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Modine Manufacturing’s quarterly revenue was up 47.5% on a year-over-year basis. Equities analysts anticipate that Modine Manufacturing Company will post 7.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Modine Manufacturing during the 1st quarter valued at $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Modine Manufacturing in the 4th quarter worth about $25,000. Spire Wealth Management purchased a new position in shares of Modine Manufacturing in the 4th quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in Modine Manufacturing during the third quarter valued at about $39,000. Finally, Danske Bank A S purchased a new stake in Modine Manufacturing during the third quarter worth about $43,000. Institutional investors own 95.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. KeyCorp upped 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. DA Davidson reissued a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research report on Monday. UBS Group boosted their price target on shares of Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Modine Manufacturing has an average rating of “Moderate Buy” and a consensus 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.