Mountain Pacific Investment Advisers Inc. ID Invests $1.90 Million in Modine Manufacturing (NYSE:MOD)

Mountain Pacific Investment Advisers Inc. ID acquired a new stake in shares of Modine Manufacturing (NYSE:MODFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the auto parts company’s stock, valued at approximately $1,904,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Modine Manufacturing during the 4th quarter valued at about $29,000. Banque Cantonale Vaudoise bought a new stake in shares of Modine Manufacturing in the first quarter valued at about $101,000. Nisa Investment Advisors LLC lifted its stake in shares of Modine Manufacturing by 51.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,172 shares of the auto parts company’s stock valued at $70,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. increased its stake in Modine Manufacturing by 49.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,206 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 734 shares during the period. Finally, AJOVista LLC bought a new stake in shares of Modine Manufacturing in the 4th quarter worth approximately $133,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Insider Activity

In other news, VP Brian Jon Agen sold 16,799 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the sale, the vice president now owns 102,409 shares in the company, valued at $9,794,396.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. B. Riley restated a “buy” rating and issued a $98.00 target price (up from $88.00) on shares of Modine Manufacturing in a research note on Tuesday, February 27th. DA Davidson raised their price objective on shares of Modine Manufacturing from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Oppenheimer upped their target price on shares of Modine Manufacturing from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd.

Get Our Latest Research Report on MOD

Modine Manufacturing Price Performance

Shares of NYSE MOD traded up $0.15 during midday trading on Friday, reaching $94.03. 1,178,120 shares of the company traded hands, compared to its average volume of 791,555. Modine Manufacturing has a 12 month low of $30.64 and a 12 month high of $109.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.64. The stock’s 50-day simple moving average is $96.49 and its 200-day simple moving average is $82.52. The firm has a market cap of $4.92 billion, a PE ratio of 31.03, a PEG ratio of 0.75 and a beta of 2.26.

Modine Manufacturing (NYSE:MODGet Free Report) last posted its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The business had revenue of $603.50 million during the quarter, compared to analyst estimates of $605.44 million. During the same period in the prior year, the firm posted $0.67 EPS. Modine Manufacturing’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Modine Manufacturing will post 3.7 earnings per share for the current fiscal year.

Modine Manufacturing Company Profile

(Free Report)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.

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

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