Modine Manufacturing Company $MOD Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in Modine Manufacturing by 4.1%, selling 39,742 shares and now holds approximately 1.75% of the company, valued at around $70.7 million.
• Institutional investors are heavily invested in Modine Manufacturing, with 95.23% of the company's stock owned by institutions, while several firms, including Wellington Management and Bank of New York Mellon, have significantly increased their stakes this quarter.
• Modine Manufacturing has received mixed analyst ratings with a consensus price target of $145.67 and a recent shift from a "buy" to a "hold" rating by Wall Street Zen.

Alliancebernstein L.P. cut its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 920,989 shares of the auto parts company's stock after selling 39,742 shares during the period. Alliancebernstein L.P. owned approximately 1.75% of Modine Manufacturing worth $70,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Modine Manufacturing by 53.5% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 23,461 shares of the auto parts company's stock valued at $1,801,000 after purchasing an additional 8,179 shares during the last quarter. PDT Partners LLC grew its position in Modine Manufacturing by 618.2% during the first quarter. PDT Partners LLC now owns 38,530 shares of the auto parts company's stock valued at $2,957,000 after acquiring an additional 33,165 shares during the period. Decade Renewable Partners LP acquired a new stake in Modine Manufacturing during the first quarter worth about $4,478,000. Expect Equity LLC raised its holdings in shares of Modine Manufacturing by 19.7% in the 1st quarter. Expect Equity LLC now owns 24,485 shares of the auto parts company's stock worth $1,879,000 after purchasing an additional 4,027 shares during the period. Finally, Situational Awareness LP lifted its stake in shares of Modine Manufacturing by 980.1% in the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock valued at $55,016,000 after purchasing an additional 650,457 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Up 1.8%

Shares of MOD traded up $2.62 during mid-day trading on Friday, reaching $149.47. 661,238 shares of the stock traded hands, compared to its average volume of 654,992. The stock has a fifty day simple moving average of $124.22 and a 200 day simple moving average of $100.46. Modine Manufacturing Company has a 12-month low of $64.79 and a 12-month high of $154.00. 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 firm has a market cap of $7.85 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 0.93 and a beta of 2.09.

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

Insider Activity at Modine Manufacturing

In related news, EVP Michael B. Lucareli sold 80,661 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $128.33, for a total value of $10,351,226.13. Following the sale, the executive vice president owned 66,920 shares of the company's stock, valued at $8,587,843.60. This trade represents a 54.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock worth $31,001,392 over the last 90 days. Company insiders own 2.48% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MOD shares. KeyCorp raised their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Oppenheimer increased their price objective 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. Finally, Wall Street Zen lowered shares of 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, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $145.67.

About Modine Manufacturing

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.