2,635 Shares in Modine Manufacturing Company $MOD Bought by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC has acquired a new position in Modine Manufacturing, purchasing 2,635 shares valued at approximately $260,000.
• Modine Manufacturing's recent earnings report indicated an EPS of $1.06, exceeding analyst expectations of $0.93, with revenues of $682.80 million for the quarter.
• Institutional investors now own 95.23% of Modine Manufacturing's stock, reflecting significant interest from major investment firms.

Park Avenue Securities LLC bought a new position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,635 shares of the auto parts company's stock, valued at approximately $260,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Modine Manufacturing by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock worth $398,145,000 after acquiring an additional 128,587 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Modine Manufacturing by 293.7% in 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 buying an additional 1,841,640 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in Modine Manufacturing by 24.6% during the second quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company's stock valued at $107,520,000 after purchasing an additional 215,727 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $65,089,000 after buying an additional 672,960 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Modine Manufacturing by 27.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company's stock valued at $64,653,000 after acquiring an additional 180,539 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Trading Up 4.2%

NYSE MOD opened at $148.12 on Thursday. The company has a 50 day moving average price of $137.79 and a 200 day moving average price of $106.43. The firm has a market cap of $7.77 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 0.90 and a beta of 2.06. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $159.54.

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 for the quarter, topping the consensus estimate of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period in the previous year, the business earned $1.04 EPS. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MOD shares. KeyCorp lifted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Zacks Research cut shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a report on Monday. Oppenheimer increased their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. DA Davidson restated a "buy" rating and issued a $185.00 price objective on shares of Modine Manufacturing in a research report on Monday. Finally, Wall Street Zen cut 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 and one has issued a Hold rating to the stock. Based on data from MarketBeat, Modine Manufacturing currently has an average rating of "Moderate Buy" and a consensus target price of $155.67.

Insiders Place Their Bets

In other news, EVP Michael B. Lucareli sold 40,422 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the sale, the executive vice president owned 41,920 shares of the company's stock, valued at $5,888,502.40. This trade represents a 49.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction dated 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 sale, the director directly owned 120,689 shares in the company, valued at approximately $16,265,256.53. The trade was a 17.59% decrease in their ownership of the stock. 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. Company insiders own 2.48% of the company's stock.

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.

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