Leonteq Securities AG acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,800 shares of the auto parts company’s stock, valued at approximately $507,000.
Other hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new stake in Modine Manufacturing during the fourth quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in Modine Manufacturing during the third quarter worth about $39,000. Danske Bank A S bought a new stake in Modine Manufacturing during the third quarter worth about $43,000. AdvisorShares Investments LLC boosted its stake in Modine Manufacturing by 154.0% during the third quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 288 shares in the last quarter. Finally, Maseco LLP bought a new stake in Modine Manufacturing during the fourth quarter worth about $69,000. Institutional investors own 95.23% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MOD shares. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Glj Research initiated coverage on shares of Modine Manufacturing in a research note on Monday, March 30th. They set a “buy” rating and a $290.00 price objective on the stock. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a research note on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.33.
Modine Manufacturing Trading Up 4.6%
Shares of NYSE MOD opened at $261.71 on Friday. The firm’s 50 day moving average price is $238.14 and its 200-day moving average price is $190.70. The company has a market cap of $13.80 billion, a PE ratio of 145.39, a P/E/G ratio of 1.02 and a beta of 1.66. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $294.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19.
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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