102,191 Modine Manufacturing Company $MOD Shares Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Modine stake by 102,191 shares in the third quarter, a 2,128.5% rise, bringing its holding to 106,992 shares worth about $20 million.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $264.89, though several firms recently lowered their targets.
• Modine’s latest quarterly revenue rose 34.6% year over year and topped estimates, but earnings per share of $1.35 missed the $1.47 consensus.

CenterBook Partners LP boosted its holdings in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 2,128.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,992 shares of the auto parts company's stock after acquiring an additional 102,191 shares during the period. Modine Manufacturing accounts for about 0.9% of CenterBook Partners LP's investment portfolio, making the stock its 13th largest holding. CenterBook Partners LP owned about 0.20% of Modine Manufacturing worth $20,029,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company purchased a new stake in shares of Modine Manufacturing in the 2nd quarter worth approximately $4,478,000. Lazard Asset Management LLC purchased a new position in Modine Manufacturing during the first quarter valued at $1,722,000. Robinhood Asset Management LLC purchased a new position in Modine Manufacturing during the second quarter valued at $8,848,000. Reinhart Partners LLC. raised its stake in Modine Manufacturing by 76.4% during the third quarter. Reinhart Partners LLC. now owns 980,220 shares of the auto parts company's stock valued at $183,497,000 after buying an additional 424,534 shares during the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in Modine Manufacturing in the first quarter worth $15,557,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on MOD shares. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. B. Riley Financial lowered their price objective on Modine Manufacturing from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Cantor Fitzgerald cut their target price on Modine Manufacturing from $275.00 to $178.00 and set an "overweight" rating on the stock in a research note on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of Modine Manufacturing in a report on Tuesday, August 25th. Finally, Robert W. Baird started coverage on Modine Manufacturing in a report on Tuesday, October 6th. They issued an "outperform" rating and a $300.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of "Moderate Buy" and an average price target of $264.89.

Modine Manufacturing Stock Performance

Shares of MOD stock traded up $4.53 during trading hours on Friday, reaching $95.92. The company had a trading volume of 2,970,915 shares, compared to its average volume of 1,417,418. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. The business has a fifty day moving average price of $166.23 and a 200-day moving average price of $214.16. Modine Manufacturing Company has a one year low of $87.84 and a one year high of $323.25. The firm has a market cap of $5.09 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.47 by ($0.12). Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The company had revenue of $994.40 million for the quarter, compared to the consensus estimate of $978.31 million. During the same quarter last year, the company earned $0.83 EPS. The firm's revenue for the quarter was up 34.6% on a year-over-year basis. Sell-side analysts predict that Modine Manufacturing Company will post 7.02 earnings per share for the current fiscal year.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Management raised its fiscal 2027 outlook, with reported expectations of 52.5% revenue growth and more than 50% adjusted EBITDA growth. The company cited accelerating data-center demand and plans to expand production capacity. Article: Modine Freefalls: AI Apocalypse Fears Meet Multi-Year Growth Tailwinds
• Positive Sentiment: Modine recorded a quarterly order intake of about $1 billion, highlighting potential for continued growth from AI-related data-center infrastructure demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
• Neutral Sentiment: Analysts cut price targets—including UBS to $160 from $355—but retained positive ratings, including “buy.” The revisions reflect a more cautious valuation view even as analysts see substantial potential from current levels. Article: UBS Adjusts Modine Manufacturing Price Target
• Negative Sentiment: Fiscal second-quarter earnings missed analyst estimates; reports also cited weaker margins and faster cash burn. Negative free cash flow and rising net debt add to concerns about execution and the sustainability of AI-related spending. Article: Modine Q2 Earnings Miss: Is the Stock a Buy, Hold or Sell?

Modine Manufacturing Company Profile

Modine Manufacturing Company NYSE: MOD is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.

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