M&T Bank Corp purchased a new stake in shares of Modine Manufacturing Company (NYSE:MOD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,599 shares of the auto parts company’s stock, valued at approximately $347,000.
Several other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC lifted its holdings in Modine Manufacturing by 6.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,368 shares of the auto parts company’s stock valued at $450,000 after purchasing an additional 192 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Modine Manufacturing by 77.8% during the fourth quarter. Sanctuary Advisors LLC now owns 5,402 shares of the auto parts company’s stock valued at $721,000 after purchasing an additional 2,364 shares in the last quarter. Quent Capital LLC purchased a new position in Modine Manufacturing during the fourth quarter valued at approximately $2,336,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Modine Manufacturing by 2.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 19,963 shares of the auto parts company’s stock valued at $2,665,000 after purchasing an additional 570 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Modine Manufacturing in the fourth quarter worth $254,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on MOD shares. Glj Research started coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 target price on the stock. DA Davidson reissued a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a report on Tuesday, March 31st. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Oppenheimer boosted their target price on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Modine Manufacturing has an average rating of “Moderate Buy” and an average price target of $234.33.
Modine Manufacturing Trading Up 1.3%
Shares of MOD opened at $279.79 on Thursday. The company’s fifty day moving average is $229.97 and its 200 day moving average is $185.89. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week high of $287.30. The stock has a market capitalization of $14.75 billion, a PE ratio of 155.44, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19.
Modine Manufacturing Company Profile
Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.
Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.
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