Teacher Retirement System of Texas Buys Shares of 17,849 Modine Manufacturing Co. (MOD)

Teacher Retirement System of Texas bought a new position in Modine Manufacturing Co. (NYSE:MOD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,849 shares of the auto parts company’s stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Modine Manufacturing by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,997,909 shares of the auto parts company’s stock worth $76,960,000 after acquiring an additional 95,915 shares during the last quarter. Royce & Associates LP boosted its position in shares of Modine Manufacturing by 2.5% in the third quarter. Royce & Associates LP now owns 1,164,000 shares of the auto parts company’s stock worth $22,407,000 after acquiring an additional 28,000 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Modine Manufacturing by 1.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 947,389 shares of the auto parts company’s stock worth $19,137,000 after acquiring an additional 17,249 shares during the last quarter. State Street Corp boosted its position in shares of Modine Manufacturing by 4.8% in the second quarter. State Street Corp now owns 903,139 shares of the auto parts company’s stock worth $14,942,000 after acquiring an additional 41,592 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Modine Manufacturing by 17.1% in the third quarter. Stifel Financial Corp now owns 844,768 shares of the auto parts company’s stock worth $16,261,000 after acquiring an additional 123,470 shares during the last quarter. 84.66% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on MOD shares. Zacks Investment Research cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine cut shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th.

Modine Manufacturing Co. (NYSE:MOD) opened at $23.10 on Tuesday. The firm has a market cap of $1,163.13, a P/E ratio of 15.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.85 and a current ratio of 1.24. Modine Manufacturing Co. has a 12-month low of $10.10 and a 12-month high of $25.75.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The firm had revenue of $512.70 million for the quarter, compared to analysts’ expectations of $456.30 million. Modine Manufacturing had a net margin of 0.62% and a return on equity of 16.54%. Modine Manufacturing’s revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. equities research analysts predict that Modine Manufacturing Co. will post 1.5 EPS for the current year.

In other Modine Manufacturing news, VP Scott L. Bowser sold 3,500 shares of Modine Manufacturing stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $24.36, for a total transaction of $85,260.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Matthew J. Mcburney sold 2,379 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.05, for a total transaction of $59,593.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,914 shares of company stock worth $373,251. 4.42% of the stock is currently owned by corporate insiders.

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About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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