Modine Manufacturing Company (NYSE:MOD – Get Free Report) insider Eric Mcginnis sold 1,020 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.06, for a total transaction of $300,961.20. Following the transaction, the insider owned 28,364 shares of the company’s stock, valued at approximately $8,369,081.84. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Modine Manufacturing Price Performance
Modine Manufacturing stock traded down $7.46 during mid-day trading on Monday, hitting $289.91. 253,339 shares of the company were exchanged, compared to its average volume of 1,288,583. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The company has a market capitalization of $15.31 billion, a P/E ratio of 130.07, a PEG ratio of 0.96 and a beta of 1.65. Modine Manufacturing Company has a 12-month low of $86.48 and a 12-month high of $323.25. The business’s 50 day simple moving average is $267.17 and its two-hundred day simple moving average is $210.11.
Modine Manufacturing (NYSE:MOD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. The firm had revenue of $954.40 million during the quarter, compared to analysts’ expectations of $920.67 million. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. Analysts forecast that Modine Manufacturing Company will post 7.73 earnings per share for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Modine Manufacturing
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. raised its holdings in Modine Manufacturing by 19.7% during the first quarter. Optiver Holding B.V. now owns 237 shares of the auto parts company’s stock valued at $51,000 after buying an additional 39 shares in the last quarter. World Investment Advisors grew its holdings in Modine Manufacturing by 4.1% in the 1st quarter. World Investment Advisors now owns 1,643 shares of the auto parts company’s stock valued at $356,000 after buying an additional 65 shares during the last quarter. Xponance LLC grew its holdings in Modine Manufacturing by 1.7% in the 4th quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock valued at $591,000 after buying an additional 75 shares during the last quarter. State of Alaska Department of Revenue increased its position in Modine Manufacturing by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after buying an additional 103 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Modine Manufacturing by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the auto parts company’s stock worth $386,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.
About Modine Manufacturing
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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