Axiom Investors LLC DE Has $4.70 Million Position in Modine Manufacturing Company $MOD

Key Points

• Axiom Investors LLC DE has reduced its holdings in Modine Manufacturing Company by 66.8%, now owning 61,290 shares valued at approximately $4.70 million.
• Multiple hedge funds have adjusted their stakes in Modine, with Northwestern Mutual increasing its holding by 5.5% and GAMMA Investing LLC growing its stake by 63.1%.
• Modine Manufacturing reported earnings of $1.06 per share, exceeding estimates, and announced a revenue growth of 3.2%% year-over-year for the quarter.

Axiom Investors LLC DE cut its holdings in Modine Manufacturing Company (NYSE:MOD - Free Report) by 66.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,290 shares of the auto parts company's stock after selling 123,340 shares during the quarter. Axiom Investors LLC DE owned about 0.12% of Modine Manufacturing worth $4,704,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Modine Manufacturing by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after purchasing an additional 142 shares in the last quarter. Versant Capital Management Inc increased its stake in Modine Manufacturing by 245.9% in the 1st 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in Modine Manufacturing in the 1st quarter worth about $46,000. First Horizon Advisors Inc. increased its stake in Modine Manufacturing by 442.4% in 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 increased its stake in Modine Manufacturing by 14.2% in the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock worth $70,000 after purchasing an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.

Wall Street Analysts Forecast Growth

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

Modine Manufacturing Stock Up 1.8%

Shares of Modine Manufacturing stock traded up $2.62 during trading on Friday, hitting $149.47. 661,238 shares of the stock traded hands, compared to its average volume of 654,992. The stock has a market cap of $7.85 billion, a P/E ratio of 42.83, a PEG ratio of 0.93 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $154.00. The company has a fifty day moving average price of $124.22 and a two-hundred day moving average price of $100.46.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly 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. The business had revenue of $682.80 million during the quarter, compared to analyst estimates of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts predict that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Modine Manufacturing

In other news, Director Suresh V. Garimella sold 14,204 shares of Modine Manufacturing stock in a transaction dated 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 completion of the sale, the director directly owned 82,056 shares in the company, valued at $11,511,636.24. The trade was a 14.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian Jon Agen sold 47,939 shares of Modine Manufacturing stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the sale, 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. Insiders sold 239,938 shares of company stock worth $31,001,392 over the last quarter. Insiders own 2.48% of the company's stock.

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.