Modine Manufacturing Company $MOD Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE trimmed its position in Modine Manufacturing Company (NYSE:MOD) by 54.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 63,704 shares of the auto parts company’s stock after selling 75,435 shares during the period. Axiom Investors LLC DE’s holdings in Modine Manufacturing were worth $8,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in Modine Manufacturing in the 4th quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing in the 3rd quarter valued at about $39,000. Danske Bank A S acquired a new position in Modine Manufacturing in the 3rd quarter valued at about $43,000. Root Financial Partners LLC boosted its holdings in Modine Manufacturing by 140.5% in the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 215 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in Modine Manufacturing by 154.0% in the 3rd 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. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. DA Davidson upped their price objective on shares of Modine Manufacturing from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Glj Research restated a “buy” rating and issued a $428.00 price objective on shares of Modine Manufacturing in a report on Monday, June 1st. UBS Group upped their price objective on shares of Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, B. Riley Financial upped their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $327.14.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $278.77 on Wednesday. Modine Manufacturing Company has a one year low of $86.48 and a one year high of $323.25. The firm’s 50 day moving average price is $256.98 and its 200-day moving average price is $202.90. The firm has a market cap of $14.72 billion, a P/E ratio of 124.45, a P/E/G ratio of 0.89 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, topping 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 firm had revenue of $954.40 million for the quarter, compared to the consensus estimate of $920.67 million. During the same period in the prior year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, equities research analysts predict 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.