AlphaQuest LLC Increases Holdings in Modine Manufacturing Company $MOD

Key Points

• AlphaQuest LLC significantly increased its stake in Modine Manufacturing by 3,912%, purchasing an additional 4,225 shares, bringing their total holdings to 4,333 shares worth $333,000.
• In the past quarter, several institutional investors, including GAMMA Investing and Versant Capital Management, also increased their stakes in Modine Manufacturing, which is now held 95.23% by institutional investors.
• Analysts have mixed opinions on the stock, with Wall Street Zen lowering its rating from "buy" to "hold," while KeyCorp raised its price target to $160.00, indicating varying expectations for Modine Manufacturing’s market performance.

AlphaQuest LLC raised its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 3,912.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,333 shares of the auto parts company's stock after buying an additional 4,225 shares during the quarter. AlphaQuest LLC's holdings in Modine Manufacturing were worth $333,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in Modine Manufacturing by 14.2% in the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after buying an additional 113 shares in the last quarter. GAMMA Investing LLC raised 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 during the period. Mesirow Financial Investment Management Inc. raised its position in Modine Manufacturing by 6.2% in the first quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company's stock valued at $241,000 after purchasing an additional 182 shares during the period. Bay Rivers Group raised its position in Modine Manufacturing by 3.4% in the first quarter. Bay Rivers Group now owns 6,308 shares of the auto parts company's stock valued at $484,000 after purchasing an additional 209 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Modine Manufacturing by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,832 shares of the auto parts company's stock valued at $1,024,000 after purchasing an additional 231 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michael B. Lucareli sold 80,661 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president directly owned 66,920 shares of the company's stock, valued at $8,587,843.60. The trade was a 54.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction 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 directly owned 90,015 shares of the company's stock, valued at $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,765 shares of company stock valued at $27,455,523. Company insiders own 2.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MOD. Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Oppenheimer lifted their target price on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Finally, KeyCorp lifted their price objective on 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, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $145.67.

Modine Manufacturing Trading Down 4.4%

Shares of NYSE MOD traded down $6.34 during trading on Friday, reaching $136.10. The stock had a trading volume of 655,433 shares, compared to its average volume of 853,579. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The company has a market cap of $7.14 billion, a P/E ratio of 39.00, a PEG ratio of 0.86 and a beta of 2.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The business's 50-day moving average price is $116.42 and its 200-day moving average price is $97.04.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS 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 during the quarter, compared to analysts' expectations of $653.80 million. During the same period in the previous year, the firm posted $1.04 EPS. Modine Manufacturing'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. On average, equities research analysts predict that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

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.