Wealth Enhancement Advisory Services LLC Purchases 479 Shares of Modine Manufacturing (NYSE:MOD)

Wealth Enhancement Advisory Services LLC grew its holdings in Modine Manufacturing (NYSE:MOD) by 5.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,601 shares of the auto parts company’s stock after acquiring an additional 479 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Modine Manufacturing were worth $1,142,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in Modine Manufacturing during the first quarter worth approximately $37,000. Opal Wealth Advisors LLC bought a new position in shares of Modine Manufacturing during the 2nd quarter valued at approximately $51,000. West Oak Capital LLC lifted its position in Modine Manufacturing by 300.0% in the second quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock worth $60,000 after buying an additional 450 shares during the last quarter. Fifth Third Bancorp bought a new stake in Modine Manufacturing in the second quarter worth $64,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Modine Manufacturing during the second quarter worth $68,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. William Blair assumed coverage on Modine Manufacturing in a research report on Monday, July 29th. They set an “outperform” rating for the company. DA Davidson increased their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, B. Riley boosted their price objective on Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Modine Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $146.67.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total value of $3,775,056.00. Following the completion of the sale, the director now directly owns 144,038 shares in the company, valued at $15,806,730.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by insiders.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $109.77 on Tuesday. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 0.90 and a beta of 2.25. The firm has a 50-day moving average of $122.72 and a two-hundred day moving average of $109.01. Modine Manufacturing has a 1 year low of $39.88 and a 1 year high of $141.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.11.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. On average, research analysts forecast that Modine Manufacturing will post 3.85 earnings per share 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.