Modine Manufacturing (NYSE:MOD) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in shares of Modine Manufacturing (NYSE:MOD) by 21.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,892 shares of the auto parts company’s stock after purchasing an additional 8,823 shares during the period. Oppenheimer & Co. Inc.’s holdings in Modine Manufacturing were worth $5,784,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in shares of Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares in the last quarter. Truist Financial Corp boosted its position in shares of Modine Manufacturing by 0.5% during the 4th quarter. Truist Financial Corp now owns 34,267 shares of the auto parts company’s stock valued at $3,973,000 after purchasing an additional 159 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Modine Manufacturing by 97.8% during the 4th quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 269 shares in the last quarter. Legend Financial Advisors Inc. boosted its position in shares of Modine Manufacturing by 2.9% during the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after purchasing an additional 279 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Modine Manufacturing by 10.4% during the 4th quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $84.61 on Friday. Modine Manufacturing has a twelve month low of $78.42 and a twelve month high of $146.84. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $109.18 and a 200-day moving average of $119.08. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31.

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

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.