Blair William & Co. IL boosted its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 114.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,993 shares of the auto parts company's stock after acquiring an additional 34,154 shares during the quarter. Blair William & Co. IL owned 0.12% of Modine Manufacturing worth $4,911,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Modine Manufacturing by 108.0% in the 4th quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company's stock worth $165,596,000 after purchasing an additional 741,667 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Modine Manufacturing by 384.3% in the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after buying an additional 672,960 shares during the period. Reinhart Partners LLC. lifted its position in shares of Modine Manufacturing by 187.3% during the 1st quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock valued at $67,220,000 after buying an additional 571,026 shares in the last quarter. J. Goldman & Co LP bought a new position in shares of Modine Manufacturing during the 4th quarter valued at approximately $43,201,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Modine Manufacturing by 27.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,207,181 shares of the auto parts company's stock worth $139,949,000 after acquiring an additional 262,936 shares in the last quarter. Institutional investors own 95.23% of the company's stock.
Analyst Ratings Changes
MOD has been the topic of several analyst reports. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. KeyCorp upped their target price on shares of Modine Manufacturing from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Oppenheimer raised their price target on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st.
View Our Latest Stock Report on Modine Manufacturing
Insider Transactions at Modine Manufacturing
In related news, EVP Michael B. Lucareli sold 40,422 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the transaction, the executive vice president directly owned 41,920 shares of the company's stock, valued at approximately $5,888,502.40. This trade represents a 49.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were 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 in the company, valued at approximately $9,946,657.50. The trade was a 34.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,800 shares of company stock worth $21,991,034 over the last quarter. 2.48% of the stock is owned by company insiders.
Modine Manufacturing Price Performance
MOD traded up $1.46 during trading on Friday, reaching $136.61. 680,544 shares of the company traded hands, compared to its average volume of 1,449,437. The company has a market cap of $7.17 billion, a P/E ratio of 39.14, a PEG ratio of 0.87 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. Modine Manufacturing Company has a 12-month low of $64.79 and a 12-month high of $146.84. The firm has a fifty day simple moving average of $102.86 and a 200 day simple moving average of $93.39.
Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share 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 company had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. During the same period last year, the company posted $1.04 earnings per share. Modine Manufacturing's quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.
About Modine Manufacturing
(
Free Report)
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.
See Also

Before you consider Modine Manufacturing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Modine Manufacturing wasn't on the list.
While Modine Manufacturing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report