Modine Manufacturing (NYSE:MOD) Insider Eric Mcginnis Sells 1,020 Shares

Modine Manufacturing Company (NYSE:MOD) insider Eric Mcginnis sold 1,020 shares of Modine Manufacturing stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $295.06, for a total transaction of $300,961.20. Following the sale, the insider owned 28,364 shares of the company’s stock, valued at $8,369,081.84. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Modine Manufacturing Stock Down 0.9%

Shares of MOD stock opened at $294.75 on Tuesday. The stock’s 50-day simple moving average is $268.23 and its 200-day simple moving average is $211.05. The firm has a market capitalization of $15.57 billion, a PE ratio of 131.58, a P/E/G ratio of 0.96 and a beta of 1.65. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two 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.

Modine Manufacturing (NYSE:MOD) last issued its quarterly 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. The company had revenue of $954.40 million for 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%. Modine Manufacturing’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. Equities analysts expect that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. B. Riley Financial raised their price target on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. DA Davidson reiterated a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research report on Monday. Glj Research reaffirmed a “buy” rating and set a $428.00 price objective on shares of Modine Manufacturing in a research note on Monday, June 1st. UBS Group raised their target price on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $327.14.

Hedge Funds Weigh In On Modine Manufacturing

Several large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of Modine Manufacturing in the 1st quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Modine Manufacturing in the 4th quarter valued at $25,000. Spire Wealth Management acquired a new position in Modine Manufacturing in the fourth quarter valued at $27,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing in the 3rd quarter valued at about $39,000. Finally, Danske Bank A S acquired a new position in shares of Modine Manufacturing in the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

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.