Moody National Bank Trust Division Cuts Stock Position in Modine Manufacturing (NYSE:MOD)

Moody National Bank Trust Division decreased its holdings in shares of Modine Manufacturing (NYSE:MOD) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,133 shares of the auto parts company’s stock after selling 516 shares during the period. Moody National Bank Trust Division’s holdings in Modine Manufacturing were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MOD. Commonwealth Equity Services LLC lifted its holdings in Modine Manufacturing by 17.3% during the second quarter. Commonwealth Equity Services LLC now owns 7,714 shares of the auto parts company’s stock valued at $773,000 after purchasing an additional 1,135 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Modine Manufacturing by 399.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 24,530 shares of the auto parts company’s stock valued at $2,458,000 after buying an additional 19,615 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Modine Manufacturing in the 2nd quarter worth about $68,000. Oppenheimer Asset Management Inc. purchased a new stake in Modine Manufacturing during the 2nd quarter worth approximately $217,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Modine Manufacturing by 7.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after acquiring an additional 212 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

NYSE:MOD opened at $118.54 on Tuesday. The stock has a 50 day moving average price of $127.01 and a 200 day moving average price of $119.51. The stock has a market cap of $6.22 billion, a PE ratio of 38.87, a P/E/G ratio of 1.01 and a beta of 2.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a one year low of $60.00 and a one year high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. During the same quarter last year, the firm earned $0.89 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson lifted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer upped their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.67.

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.