Great Lakes Advisors LLC Invests $1.07 Million in Modine Manufacturing Company $MOD

Key Points

• Great Lakes Advisors LLC acquired 13,925 shares of Modine Manufacturing Company, valued at approximately $1,069,000, during the first quarter.
• Modine Manufacturing reported earnings per share of $1.06 for the latest quarter, exceeding analysts' expectations of $0.93 and marking a 3.2% increase in revenue compared to the same quarter last year.
• Analysts have mixed ratings on Modine Manufacturing; while KeyCorp increased its price target to $160, Wall Street Zen downgraded its rating from "buy" to "hold".

Great Lakes Advisors LLC purchased a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,925 shares of the auto parts company's stock, valued at approximately $1,069,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MOD. Wellington Management Group LLP boosted its stake in shares of Modine Manufacturing by 293.7% during the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after acquiring an additional 1,841,640 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Modine Manufacturing by 384.3% during the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after acquiring an additional 672,960 shares during the period. Situational Awareness LP boosted its stake in shares of Modine Manufacturing by 980.1% during the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock worth $55,016,000 after acquiring an additional 650,457 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Modine Manufacturing by 187.3% during the 1st quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock worth $67,220,000 after acquiring an additional 571,026 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Modine Manufacturing by 131.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company's stock worth $38,278,000 after acquiring an additional 283,497 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Price Performance

NYSE MOD traded up $2.84 during midday trading on Monday, hitting $152.52. The company had a trading volume of 859,554 shares, compared to its average volume of 1,160,375. The company has a market capitalization of $8.01 billion, a PE ratio of 43.70, a P/E/G ratio of 0.95 and a beta of 2.09. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $124.22 and a 200-day moving average price of $100.71. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $155.73.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13. The firm had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the completion of the transaction, the director owned 120,689 shares of the company's stock, valued at approximately $16,265,256.53. The trade was a 17.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the transaction, the vice president directly owned 90,015 shares of the company's stock, valued at $9,946,657.50. This trade represents a 34.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,938 shares of company stock worth $31,001,392. Corporate insiders own 2.48% of the company's stock.

Analyst Ratings Changes

MOD has been the subject of several research analyst reports. Oppenheimer lifted their target price on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. KeyCorp boosted their price target on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $145.67.

Modine Manufacturing 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.