Robinhood Asset Management LLC purchased a new stake in Modine Manufacturing Company (NYSE:MOD – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 33,135 shares of the auto parts company’s stock, valued at approximately $8,848,000.
A number of other large investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Modine Manufacturing during the first quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in Modine Manufacturing in the fourth quarter valued at $25,000. Sunbelt Securities Inc. purchased a new position in Modine Manufacturing during the third quarter worth about $39,000. Danske Bank A S purchased a new position in Modine Manufacturing during the third quarter worth about $43,000. Finally, Root Financial Partners LLC boosted its stake in Modine Manufacturing by 140.5% in the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock worth $49,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.
Insider Buying and Selling at Modine Manufacturing
In other Modine Manufacturing news, insider Eric S. Mcginnis sold 1,020 shares of the business’s 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 in the company, valued at $8,369,081.84. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric D. Ashleman sold 15,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total value of $4,328,100.00. Following the completion of the sale, the director owned 42,350 shares of the company’s stock, valued at approximately $12,219,669. This trade represents a 26.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,302 shares of company stock valued at $15,928,759 over the last three months. 1.92% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on MOD
Modine Manufacturing Price Performance
Modine Manufacturing stock opened at $198.03 on Friday. The firm has a fifty day moving average of $232.44 and a 200-day moving average of $236.03. Modine Manufacturing Company has a 52-week low of $111.18 and a 52-week high of $323.25. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $10.52 billion, a P/E ratio of 74.45, a PEG ratio of 0.62 and a beta of 1.71.
Modine Manufacturing (NYSE:MOD – Get Free Report) last posted its earnings results on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.26. Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The business had revenue of $874.10 million for the quarter, compared to analyst estimates of $878.69 million. During the same quarter in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts predict that Modine Manufacturing Company will post 7.65 EPS for the current year.
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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