Ardsley Advisory Partners LP Takes $481,000 Position in Modine Manufacturing Company $MOD

Ardsley Advisory Partners LP bought a new stake in shares of Modine Manufacturing Company (NYSE:MOD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the auto parts company’s stock, valued at approximately $481,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Modine Manufacturing by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock valued at $722,297,000 after purchasing an additional 97,035 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Modine Manufacturing by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock valued at $311,503,000 after purchasing an additional 560,131 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Modine Manufacturing by 1.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock valued at $176,553,000 after purchasing an additional 23,955 shares during the last quarter. Capital Research Global Investors increased its position in shares of Modine Manufacturing by 13.8% during the 4th quarter. Capital Research Global Investors now owns 1,478,224 shares of the auto parts company’s stock valued at $197,358,000 after purchasing an additional 179,617 shares during the last quarter. Finally, State Street Corp increased its position in shares of Modine Manufacturing by 4.2% during the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after purchasing an additional 53,351 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

MOD has been the topic of several analyst reports. B. Riley Financial boosted their target price on Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Oppenheimer boosted their price objective on Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Glj Research restated a “buy” rating and set a $428.00 price objective on shares of Modine Manufacturing in a report on Monday, June 1st. Finally, KeyCorp boosted their price objective on Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $327.14.

Modine Manufacturing Price Performance

MOD opened at $285.09 on Thursday. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $323.25. The stock has a market cap of $15.06 billion, a P/E ratio of 127.27, a PEG ratio of 0.92 and a beta of 1.65. The business has a fifty day moving average of $264.32 and a 200 day moving average of $208.21. The company has a quick ratio of 1.25, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Modine Manufacturing (NYSE:MOD) last issued 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 return on equity of 24.39% and a net margin of 3.82%.The business had revenue of $954.40 million during the quarter, compared to analysts’ expectations of $920.67 million. During the same period in the prior year, the business earned $1.12 EPS. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Modine Manufacturing Company will post 7.73 EPS for the current year.

Modine Manufacturing Profile

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.