Private Advisor Group LLC Sells 2,210 Shares of Modine Manufacturing (NYSE:MOD)

Private Advisor Group LLC reduced its stake in Modine Manufacturing (NYSE:MOD) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,105 shares of the auto parts company’s stock after selling 2,210 shares during the period. Private Advisor Group LLC’s holdings in Modine Manufacturing were worth $3,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. increased its position in Modine Manufacturing by 97.8% during the 4th quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 269 shares during the period. Private Trust Co. NA grew its holdings in shares of Modine Manufacturing by 650.5% during the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 670 shares during the period. Farther Finance Advisors LLC raised its holdings in Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Modine Manufacturing by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 82 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 471 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised 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 Price Performance

Shares of Modine Manufacturing stock opened at $86.29 on Monday. The stock has a 50 day moving average of $113.12 and a 200 day moving average of $119.93. Modine Manufacturing has a 12 month low of $78.58 and a 12 month high of $146.84. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.54 billion, a PE ratio of 28.96, a PEG ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. On average, research analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

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.