Illinois Municipal Retirement Fund Makes New Investment in Modine Manufacturing (NYSE:MOD)

Illinois Municipal Retirement Fund purchased a new stake in Modine Manufacturing (NYSE:MOD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,276 shares of the auto parts company’s stock, valued at approximately $612,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rothschild Investment LLC grew its position in shares of Modine Manufacturing by 34.4% in the fourth quarter. Rothschild Investment LLC now owns 1,720 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 440 shares during the last quarter. Navellier & Associates Inc. grew its position in shares of Modine Manufacturing by 58.8% in the fourth quarter. Navellier & Associates Inc. now owns 10,824 shares of the auto parts company’s stock valued at $1,255,000 after purchasing an additional 4,006 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Modine Manufacturing in the fourth quarter valued at about $267,000. Handelsbanken Fonder AB grew its position in shares of Modine Manufacturing by 25.5% in the fourth quarter. Handelsbanken Fonder AB now owns 13,300 shares of the auto parts company’s stock valued at $1,542,000 after purchasing an additional 2,700 shares during the last quarter. Finally, LMG Wealth Partners LLC grew its position in shares of Modine Manufacturing by 8.2% in the fourth quarter. LMG Wealth Partners LLC now owns 12,819 shares of the auto parts company’s stock valued at $1,486,000 after purchasing an additional 967 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Down 8.8 %

NYSE MOD opened at $77.09 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. The firm has a 50-day simple moving average of $108.37 and a 200 day simple moving average of $119.05. Modine Manufacturing has a twelve month low of $75.82 and a twelve month high of $146.84. The stock has a market cap of $4.05 billion, a PE ratio of 25.87, a PEG ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. On average, research analysts forecast that Modine Manufacturing will post 3.88 EPS for the current year.

Modine Manufacturing Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.