Spire Wealth Management Boosts Stake in Modine Manufacturing (NYSE:MOD)

Spire Wealth Management lifted its stake in Modine Manufacturing (NYSE:MOD) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,662 shares of the auto parts company’s stock after acquiring an additional 607 shares during the period. Spire Wealth Management’s holdings in Modine Manufacturing were worth $2,395,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MOD. Private Trust Co. NA raised its holdings in Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 670 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 491 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 82 shares during the last quarter. KBC Group NV lifted its holdings in shares of Modine Manufacturing by 47.8% during the 3rd 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at $196,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer upped their price objective on shares of 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 NYSE MOD opened at $101.30 on Monday. Modine Manufacturing has a 52 week low of $60.00 and a 52 week high of $146.84. The business’s 50 day moving average price is $125.05 and its 200 day moving average price is $120.84. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.32 billion, a P/E ratio of 33.21, a P/E/G ratio of 0.75 and a beta of 2.34.

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.