Modine Manufacturing Company (NYSE:MOD) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 502,541 shares of the auto parts company's stock after selling 57,708 shares during the period. Brown Advisory Inc. owned approximately 0.96% of Modine Manufacturing worth $38,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in Modine Manufacturing by 28.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company's stock valued at $5,027,000 after buying an additional 14,664 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Modine Manufacturing by 384.3% during the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after acquiring an additional 672,960 shares in the last quarter. Impax Asset Management Group plc bought a new position in Modine Manufacturing during the 1st quarter worth about $4,605,000. D.A. Davidson & CO. boosted its holdings in shares of Modine Manufacturing by 4.0% in the 1st quarter. D.A. Davidson & CO. now owns 65,045 shares of the auto parts company's stock valued at $4,992,000 after buying an additional 2,479 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock valued at $49,000 after buying an additional 522 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Stock Down 0.7%

Shares of MOD traded down $0.65 during midday trading on Friday, reaching $92.00. The stock had a trading volume of 500,668 shares, compared to its average volume of 959,893. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.15. The company's fifty day simple moving average is $96.29 and its two-hundred day simple moving average is $95.43. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 0.64 and a beta of 2.04. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The auto parts company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.96 by $0.16. The firm had revenue of $647.20 million during the quarter, compared to analysts' expectations of $633.13 million. Modine Manufacturing had a net margin of 7.12% and a return on equity of 25.31%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. Equities research analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp assumed coverage on shares of Modine Manufacturing in a research note on Thursday, June 12th. They issued an "overweight" rating and a $125.00 target price for the company. Wall Street Zen raised shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. DA Davidson restated a "buy" rating and set a $155.00 price target on shares of Modine Manufacturing in a research report on Monday, March 17th. Finally, Oppenheimer upped their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $135.50.

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.