Fiera Capital Corp Boosts Stock Holdings in Modine Manufacturing Company $MOD

Fiera Capital Corp increased its position in shares of Modine Manufacturing Company (NYSE:MOD) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 322,931 shares of the auto parts company’s stock after buying an additional 80,444 shares during the period. Fiera Capital Corp owned 0.61% of Modine Manufacturing worth $43,115,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOD. Spire Wealth Management purchased a new stake in shares of Modine Manufacturing during the 4th quarter worth about $27,000. Sunbelt Securities Inc. purchased a new position in Modine Manufacturing during the third quarter worth approximately $39,000. Danske Bank A S acquired a new stake in Modine Manufacturing in the third quarter valued at approximately $43,000. Root Financial Partners LLC increased its position in shares of Modine Manufacturing by 140.5% in the fourth quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after buying an additional 215 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its stake in shares of Modine Manufacturing by 154.0% during the 3rd quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after buying an additional 288 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MOD. Roth Mkm initiated coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price target for the company. B. Riley Financial boosted their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Glj Research restated a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a research report on Monday, June 1st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.14.

Modine Manufacturing Stock Down 0.7%

Shares of MOD opened at $274.70 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 stock has a fifty day simple moving average of $255.68 and a two-hundred day simple moving average of $201.94. The company has a market capitalization of $14.51 billion, a PE ratio of 122.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.65.

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 analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The firm had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Modine Manufacturing’s quarterly revenue was up 47.5% on a year-over-year basis. As a group, equities analysts forecast that Modine Manufacturing Company will post 7.73 EPS for the current year.

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.