Castellan Group Sells 221 Shares of Modine Manufacturing (NYSE:MOD)

Castellan Group cut its holdings in shares of Modine Manufacturing (NYSE:MOD) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,230 shares of the auto parts company’s stock after selling 221 shares during the period. Modine Manufacturing makes up approximately 2.6% of Castellan Group’s investment portfolio, making the stock its 14th largest holding. Castellan Group’s holdings in Modine Manufacturing were worth $6,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares in the last quarter. Legend Financial Advisors Inc. lifted its holdings in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after purchasing an additional 279 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Modine Manufacturing by 10.4% in the fourth quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 325 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of Modine Manufacturing by 6.3% in the third quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock valued at $760,000 after purchasing an additional 340 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of Modine Manufacturing by 18.1% in the fourth quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock valued at $274,000 after purchasing an additional 363 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Price Performance

NYSE:MOD opened at $97.42 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.09 and a current ratio of 1.87. The stock’s 50-day simple moving average is $119.80 and its 200 day simple moving average is $120.54. The company has a market cap of $5.12 billion, a P/E ratio of 32.69, a P/E/G ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a 52-week low of $69.12 and a 52-week high of $146.84.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, sell-side analysts forecast that Modine Manufacturing will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.