13,925 Shares in Modine Manufacturing Company $MOD Bought by Great Lakes Advisors LLC

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 acquired a new position in Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,925 shares of the auto parts company's stock, valued at approximately $1,069,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Front Street Capital Management Inc. raised its position in Modine Manufacturing by 0.5% in the first quarter. Front Street Capital Management Inc. now owns 77,930 shares of the auto parts company's stock worth $5,981,000 after acquiring an additional 410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Modine Manufacturing by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company's stock worth $2,857,000 after acquiring an additional 7,831 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Modine Manufacturing during the first quarter valued at approximately $6,431,000. Granahan Investment Management LLC raised its holdings in shares of Modine Manufacturing by 120.8% during the first quarter. Granahan Investment Management LLC now owns 232,146 shares of the auto parts company's stock valued at $17,817,000 after acquiring an additional 127,024 shares during the period. Finally, Bosun Asset Management LLC raised its holdings in shares of Modine Manufacturing by 13.8% during the first quarter. Bosun Asset Management LLC now owns 7,681 shares of the auto parts company's stock valued at $590,000 after acquiring an additional 933 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Michael B. Lucareli sold 40,422 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the sale, the executive vice president directly owned 41,920 shares of the company's stock, valued at approximately $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the sale, the vice president directly owned 90,015 shares of the company's stock, valued at $9,946,657.50. This represents a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock valued at $31,001,392 in the last ninety days. Company insiders own 2.48% of the company's stock.

Modine Manufacturing Stock Performance

Modine Manufacturing stock traded down $0.41 during trading hours on Wednesday, reaching $152.92. 86,366 shares of the company were exchanged, compared to its average volume of 1,150,368. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 0.97 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 stock has a 50-day moving average of $126.36 and a 200 day moving average of $101.54. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $155.73.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, research analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. KeyCorp upped their target price on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Modine Manufacturing has an average rating of "Buy" and a consensus 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.