Aristides Capital LLC Sells 4,088 Shares of Modine Manufacturing Company $MOD

Key Points

• Aristides Capital LLC reduced its stake in Modine Manufacturing Company by 38.2% in Q1, now holding 6,602 shares valued at approximately $507,000.
• Several institutional investors increased their stakes in Modine, with GAMMA Investing LLC boosting holdings by 63.1% and Versant Capital Management Inc by 245.9% during the same period.
• Modine Manufacturing's stock currently has an average rating of "Buy" from analysts, with an average price target estimated at $145.67.

Aristides Capital LLC reduced its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 38.2% 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 owned 6,602 shares of the auto parts company's stock after selling 4,088 shares during the period. Aristides Capital LLC's holdings in Modine Manufacturing were worth $507,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after buying an additional 142 shares in the last quarter. Versant Capital Management Inc raised its stake in 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 acquiring an additional 300 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Modine Manufacturing during the 1st quarter valued at approximately $46,000. First Horizon Advisors Inc. increased its position in Modine Manufacturing by 442.4% during the 1st 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 in the last quarter. Finally, IFP Advisors Inc boosted its position in Modine Manufacturing by 14.2% in the first 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. Institutional investors and hedge funds own 95.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MOD. Oppenheimer raised their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. KeyCorp increased their target price on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. 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, According to MarketBeat, the stock currently 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 1,182,603. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $146.84. 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 firm's fifty day moving average is $116.42 and its 200 day moving average is $97.04. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 0.89 and a beta of 2.12.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $653.80 million. During the same quarter in the previous year, the business earned $1.04 earnings per share. 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. As a group, equities analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the transaction, the director directly owned 82,056 shares in the company, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian Jon Agen sold 47,939 shares of the firm'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 transaction of $5,297,259.50. Following the sale, the vice president directly owned 90,015 shares of the company's stock, valued at approximately $9,946,657.50. This trade represents a 34.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,765 shares of company stock worth $27,455,523 in the last quarter. 2.48% of the stock is currently owned by company insiders.

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.