Janney Montgomery Scott LLC Raises Stock Holdings in Modine Manufacturing (NYSE:MOD)

Janney Montgomery Scott LLC boosted its holdings in shares of Modine Manufacturing (NYSE:MOD) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,842 shares of the auto parts company’s stock after purchasing an additional 1,095 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Modine Manufacturing were worth $445,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 670 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after purchasing an additional 82 shares in the last quarter. KBC Group NV raised its holdings in shares of Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after acquiring an additional 471 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Modine Manufacturing during the third quarter valued at approximately $196,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $98.65 on Monday. The business has a 50 day simple moving average of $121.42 and a two-hundred day simple moving average of $120.44. Modine Manufacturing has a 12 month low of $69.00 and a 12 month high of $146.84. The stock has a market capitalization of $5.19 billion, a P/E ratio of 33.10, a PEG ratio of 0.75 and a beta of 2.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.09.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, analysts predict that Modine Manufacturing will post 3.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

Modine Manufacturing Company 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.