Entropy Technologies LP Raises Stock Position in Modine Manufacturing Company $MOD

Entropy Technologies LP increased its stake in Modine Manufacturing Company (NYSE:MOD) by 347.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,250 shares of the auto parts company’s stock after acquiring an additional 7,961 shares during the period. Entropy Technologies LP’s holdings in Modine Manufacturing were worth $2,221,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors increased its stake in Modine Manufacturing by 4.1% during the 1st quarter. World Investment Advisors now owns 1,643 shares of the auto parts company’s stock valued at $356,000 after purchasing an additional 65 shares in the last quarter. Xponance LLC grew its holdings in shares of Modine Manufacturing by 1.7% in the fourth quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock worth $591,000 after acquiring an additional 75 shares during the period. State of Alaska Department of Revenue increased its position in 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 valued at $421,000 after acquiring an additional 103 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Modine Manufacturing by 6.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 103 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Modine Manufacturing by 18.3% in the fourth quarter. NewEdge Advisors LLC now owns 680 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 105 shares during the period. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of NYSE MOD opened at $241.46 on Monday. The company has a market cap of $12.82 billion, a P/E ratio of 107.80, a P/E/G ratio of 0.78 and a beta of 1.67. Modine Manufacturing Company has a 52-week low of $98.90 and a 52-week high of $323.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. The firm’s fifty day moving average is $262.07 and its two-hundred day moving average is $228.23.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.51 by $0.20. The business had revenue of $954.40 million during the quarter, compared to the consensus estimate of $920.67 million. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business’s revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. As a group, analysts anticipate that Modine Manufacturing Company will post 7.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Glj Research reissued a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a research report on Monday, June 1st. UBS Group upped their price target on shares of Modine Manufacturing to $310.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. 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. Oppenheimer raised their price objective on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.14.

Insider Transactions at Modine Manufacturing

In related news, VP Brian Jon Agen sold 38,282 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.17, for a total value of $11,299,697.94. Following the sale, the vice president directly owned 66,343 shares in the company, valued at approximately $19,582,463.31. The trade was a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric S. Mcginnis sold 1,020 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $295.06, for a total value of $300,961.20. Following the transaction, the insider directly owned 28,364 shares of the company’s stock, valued at approximately $8,369,081.84. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 54,302 shares of company stock valued at $15,928,759. 1.92% of the stock is currently owned by insiders.

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.