109,322 Shares in Modine Manufacturing (NYSE:MOD) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Modine Manufacturing (NYSE:MOD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 109,322 shares of the auto parts company's stock, valued at approximately $12,674,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.21% of Modine Manufacturing at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MOD. Barclays PLC grew its stake in Modine Manufacturing by 272.4% in the 3rd quarter. Barclays PLC now owns 92,235 shares of the auto parts company's stock valued at $12,247,000 after buying an additional 67,465 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in 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 valued at $157,000 after buying an additional 82 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Modine Manufacturing by 39.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,842 shares of the auto parts company's stock valued at $445,000 after buying an additional 1,095 shares in the last quarter. PFG Investments LLC grew its stake in Modine Manufacturing by 21.7% in the 4th quarter. PFG Investments LLC now owns 2,801 shares of the auto parts company's stock valued at $325,000 after buying an additional 500 shares in the last quarter. Finally, KBC Group NV grew its stake in Modine Manufacturing by 42.7% in the 4th quarter. KBC Group NV now owns 2,078 shares of the auto parts company's stock valued at $241,000 after buying an additional 622 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $155.00 price objective on shares of Modine Manufacturing in a research note on Monday, March 17th. Oppenheimer lifted their price objective on shares of Modine Manufacturing from $114.00 to $121.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd.

Modine Manufacturing Price Performance

Shares of MOD traded down $2.05 during mid-day trading on Monday, reaching $88.75. 294,925 shares of the stock traded hands, compared to its average volume of 946,470. The firm has a fifty day moving average price of $85.34 and a 200 day moving average price of $102.05. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 0.71 and a beta of 2.08. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a 1 year low of $64.79 and a 1 year high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The auto parts company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.16. The firm had revenue of $647.20 million during the quarter, compared to analyst estimates of $633.13 million. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. As a group, equities research analysts predict that Modine Manufacturing will post 3.88 earnings per share for the current year.

Modine Manufacturing declared that its Board of Directors has initiated a stock repurchase program on Friday, March 7th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.