Modine Manufacturing (NYSE:MOD) Holdings Lifted by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its stake in Modine Manufacturing (NYSE:MOD) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 50,825 shares of the auto parts company’s stock after purchasing an additional 185 shares during the period. Modine Manufacturing accounts for 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 21st biggest position. Lisanti Capital Growth LLC’s holdings in Modine Manufacturing were worth $5,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Modine Manufacturing in the 4th quarter valued at $19,719,000. Arizona State Retirement System boosted its position in shares of Modine Manufacturing by 0.8% in the 4th quarter. Arizona State Retirement System now owns 14,451 shares of the auto parts company’s stock valued at $1,675,000 after purchasing an additional 118 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Modine Manufacturing in the 4th quarter valued at $1,962,000. Cookson Peirce & Co. Inc. boosted its position in shares of Modine Manufacturing by 56.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 11,986 shares of the auto parts company’s stock valued at $1,390,000 after purchasing an additional 4,324 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Modine Manufacturing by 22.0% in the 4th quarter. Victory Capital Management Inc. now owns 191,838 shares of the auto parts company’s stock valued at $22,240,000 after purchasing an additional 34,638 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 4.2 %

NYSE:MOD opened at $76.03 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a 1-year low of $72.49 and a 1-year high of $146.84. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 0.71 and a beta of 2.48. The stock has a fifty day simple moving average of $105.89 and a 200 day simple moving average of $118.26.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Modine Manufacturing will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other Modine Manufacturing news, Director William A. Wulfsohn acquired 2,530 shares of Modine Manufacturing stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $79.43 per share, with a total value of $200,957.90. Following the purchase, the director now owns 7,277 shares in the company, valued at approximately $578,012.11. The trade was a 53.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

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.