Modine Manufacturing (NYSE:MOD) Stock Price Target Lowered at UBS Group

Modine Manufacturing (NYSE:MOD – Free Report) had its price objective lowered by UBS Group from $355.00 to $160.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the auto parts company’s stock.

MOD has been the topic of a number of other research reports. KeyCorp cut their target price on Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating on the stock in a research note on Wednesday. Robert W. Baird began coverage on Modine Manufacturing in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price target on the stock. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Cantor Fitzgerald dropped their price objective on Modine Manufacturing from $275.00 to $178.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $264.89.

Get Our Latest Stock Analysis on MOD

Modine Manufacturing Price Performance

MOD stock opened at $90.93 on Thursday. Modine Manufacturing has a 12 month low of $87.84 and a 12 month high of $323.25. The company has a current ratio of 2.04, a quick ratio of 1.22 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $168.05 and a 200 day moving average price of $214.36. The stock has a market cap of $4.83 billion, a PE ratio of 38.04, a P/E/G ratio of 0.35 and a beta of 1.86.

Modine Manufacturing (NYSE:MOD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). Modine Manufacturing had a net margin of 3.58% and a return on equity of 26.28%. The firm had revenue of $994.40 million for the quarter, compared to the consensus estimate of $978.31 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. Equities research analysts anticipate that Modine Manufacturing will post 7.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new position in Modine Manufacturing in the 2nd quarter worth $40,000. PenderFund Capital Management Ltd. acquired a new position in shares of Modine Manufacturing in the second quarter valued at about $42,000. Vega Investment Solutions purchased a new position in shares of Modine Manufacturing in the second quarter worth about $52,000. TD Waterhouse Canada Inc. purchased a new position in shares of Modine Manufacturing in the second quarter worth about $55,000. Finally, Optiver Holding B.V. lifted its holdings in shares of Modine Manufacturing by 19.7% during the first quarter. Optiver Holding B.V. now owns 237 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

More Modine Manufacturing News

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Modine Manufacturing Company Profile

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Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.

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