Modine Manufacturing Company $MOD Stock: Kornitzer Capital Management Inc. KS Reduces Stake

Posted by Stanley Muller on Nov 9th, 2026

Kornitzer Capital Management Inc. KS trimmed its stake in Modine Manufacturing Company (NYSE:MOD – Free Report) by 42.5% in the third quarter, HoldingsChannel.com reports. The firm owned 18,416 shares of the auto parts company’s stock after selling 13,615 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Modine Manufacturing were worth $3,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MOD. Rakuten Securities Inc. bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at $40,000. PenderFund Capital Management Ltd. bought a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $42,000. Optiver Holding B.V. increased 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 valued at $51,000 after acquiring an additional 39 shares in the last quarter. Vega Investment Solutions acquired a new stake in Modine Manufacturing in the 2nd quarter valued at $52,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Modine Manufacturing during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 0.7%

MOD opened at $95.92 on Monday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 0.37 and a beta of 1.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 2.17. Modine Manufacturing Company has a fifty-two week low of $87.84 and a fifty-two week high of $323.25. The firm’s fifty day moving average is $166.23 and its 200 day moving average is $214.16.

Modine Manufacturing (NYSE:MOD – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The business had revenue of $994.40 million during the quarter, compared to analysts’ expectations of $978.31 million. Modine Manufacturing had a return on equity of 25.96% and a net margin of 3.58%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. On average, sell-side analysts forecast that Modine Manufacturing Company will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

MOD has been the subject of a number of research analyst reports. B. Riley Financial decreased their price objective on shares of Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. KeyCorp cut their price target on shares of Modine Manufacturing from $280.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, November 4th. Robert W. Baird initiated coverage on shares of Modine Manufacturing in a report on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price target on the stock. Finally, Zacks Research downgraded Modine Manufacturing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.89.

Get Our Latest Analysis on MOD

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

Positive Sentiment: Management raised its fiscal 2027 outlook, with reported expectations of 52.5% revenue growth and more than 50% adjusted EBITDA growth. The company cited accelerating data-center demand and plans to expand production capacity. Article: Modine Freefalls: AI Apocalypse Fears Meet Multi-Year Growth Tailwinds
Positive Sentiment: Modine recorded a quarterly order intake of about $1 billion, highlighting potential for continued growth from AI-related data-center infrastructure demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
Neutral Sentiment: Analysts cut price targets—including UBS to $160 from $355—but retained positive ratings, including “buy.” The revisions reflect a more cautious valuation view even as analysts see substantial potential from current levels. Article: UBS Adjusts Modine Manufacturing Price Target
Negative Sentiment: Fiscal second-quarter earnings missed analyst estimates; reports also cited weaker margins and faster cash burn. Negative free cash flow and rising net debt add to concerns about execution and the sustainability of AI-related spending. Article: Modine Q2 Earnings Miss: Is the Stock a Buy, Hold or Sell?

About Modine Manufacturing

(Free Report)

Modine Manufacturing Company is a global provider of thermal management solutions, serving markets that need to control heating, cooling and temperature-related performance. Founded in 1916 by Arthur B. Modine, the company is headquartered in Racine, Wisconsin.

Through its Climate Solutions business, Modine supplies heating, ventilation and air conditioning equipment for commercial and industrial buildings, as well as cooling systems for data centers. Its offerings include chillers, heat exchangers and other equipment designed to manage indoor environments and remove heat from technology infrastructure.

Modine’s Performance Technologies business develops thermal management products for vehicles and other equipment.