Modine Manufacturing Company $MOD Shares Purchased by Algert Global LLC

Key Points

• Algert Global LLC has increased its stake in Modine Manufacturing Company (MOD) by 27.4%, acquiring a total of 25,427 shares valued at approximately $1.95 million.
• Several institutional investors also raised their stakes in MOD during the first quarter, with First Horizon Advisors Inc increasing its stake by 442.4% and now owning shares worth $49,000.
• Analyst ratings for MOD are generally positive, with a consensus rating of "Buy" and an average target price of $145.67, though some analysts have recently downgraded their ratings.

Algert Global LLC increased its position in Modine Manufacturing Company (NYSE:MOD - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,427 shares of the auto parts company's stock after purchasing an additional 5,470 shares during the period. Algert Global LLC's holdings in Modine Manufacturing were worth $1,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MOD. GAMMA Investing LLC raised its holdings in shares of Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after purchasing an additional 142 shares during the period. Versant Capital Management Inc raised its holdings in shares of Modine Manufacturing by 245.9% during the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock worth $32,000 after purchasing an additional 300 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Modine Manufacturing during the first quarter worth $46,000. First Horizon Advisors Inc. raised its holdings in shares of Modine Manufacturing by 442.4% during the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after purchasing an additional 522 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock worth $70,000 after purchasing an additional 113 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded down $0.72 during midday trading on Wednesday, hitting $140.80. 427,153 shares of the company's stock were exchanged, compared to its average volume of 1,156,424. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The stock's 50 day moving average price is $114.70 and its 200-day moving average price is $96.48. The firm has a market cap of $7.39 billion, a P/E ratio of 40.34, a PEG ratio of 0.90 and a beta of 2.12. 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 issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.13. The business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The business's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MOD shares. KeyCorp lifted their target price on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Oppenheimer lifted their target price on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $145.67.

Insiders Place Their Bets

In other news, Director Marsha C. Williams sold 25,761 shares of the business's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction that occurred 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 owned 90,015 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders have sold 214,765 shares of company stock valued at $27,455,523. Corporate 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.