Atria Investments Inc Purchases Shares of 5,272 Modine Manufacturing Company $MOD

Atria Investments Inc bought a new position in shares of Modine Manufacturing Company (NYSE:MOD) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,272 shares of the auto parts company’s stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Maseco LLP acquired a new position in shares of Modine Manufacturing during the 2nd quarter worth about $51,000. GAMMA Investing LLC boosted its position in Modine Manufacturing by 52.6% during the second quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 193 shares during the last quarter. IFP Advisors Inc grew its stake in Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 113 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Modine Manufacturing during the 1st quarter worth approximately $92,000. Finally, LRI Investments LLC increased its position in shares of Modine Manufacturing by 84.4% during the 1st quarter. LRI Investments LLC now owns 1,612 shares of the auto parts company’s stock worth $124,000 after purchasing an additional 738 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $156.25 on Monday. The company has a market capitalization of $8.23 billion, a PE ratio of 45.16, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $149.34 and a two-hundred day moving average price of $121.07. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $166.94.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. The business had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. During the same quarter last year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Buying and Selling at Modine Manufacturing

In related news, insider Eric S. Mcginnis sold 25,173 shares of Modine Manufacturing stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the transaction, the insider owned 19,966 shares of the company’s stock, valued at $2,812,410.76. This trade represents a 55.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suresh V. Garimella sold 14,204 shares of Modine Manufacturing stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the sale, the director owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. The trade was a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Oppenheimer boosted their price target on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Finally, DA Davidson increased their price target on Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.00.

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.