Quantitative Investment Management LLC Makes New Investment in Modine Manufacturing Company $MOD

Key Points

• Quantitative Investment Management LLC acquired 3,465 shares of Modine Manufacturing Company, valued at approximately $265,000, signaling institutional interest in the auto parts firm.
• Several other institutional investors have increased their holdings in Modine Manufacturing, with Price T Rowe Associates raising its position by 433.2% in the fourth quarter, now owning 215,230 shares valued at nearly $25 million.
• Despite positive earnings performance, a recent downgrade from a "buy" to a "hold" rating by Wall Street Zen indicates that analysts are cautious about the stock's future trajectory, with a current consensus rating still at "buy."

Quantitative Investment Management LLC acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,465 shares of the auto parts company's stock, valued at approximately $265,000.

Several other large investors also recently made changes to their positions in MOD. GAMMA Investing LLC grew its position in Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 142 shares in the last quarter. Bessemer Group Inc. grew its position in Modine Manufacturing by 9,728.6% in the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock valued at $264,000 after purchasing an additional 3,405 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Modine Manufacturing by 159.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock valued at $766,000 after purchasing an additional 6,134 shares in the last quarter. Bank of New York Mellon Corp grew its position in Modine Manufacturing by 384.3% in the first 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 purchasing an additional 672,960 shares in the last quarter. Finally, KBC Group NV grew its position in Modine Manufacturing by 16.0% in the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company's stock valued at $185,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

Insider Activity at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the completion of the sale, the director owned 120,689 shares in the company, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael B. Lucareli sold 40,422 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was 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 approximately $5,888,502.40. This represents a 49.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,765 shares of company stock worth $27,455,523. 2.48% of the stock is owned by corporate insiders.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded down $6.34 during mid-day trading on Friday, reaching $136.10. 655,433 shares of the company were exchanged, compared to its average volume of 786,543. The company's 50-day simple moving average is $116.42 and its 200-day simple moving average is $97.07. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $7.14 billion, a P/E ratio of 39.00, a P/E/G ratio of 0.86 and a beta of 2.09. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted 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 company had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. Modine Manufacturing's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MOD. Oppenheimer raised their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, KeyCorp increased their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $145.67.

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.