Brown Advisory Inc. Sells 57,708 Shares of Modine Manufacturing Company (NYSE:MOD)

Brown Advisory Inc. decreased its holdings in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,541 shares of the auto parts company's stock after selling 57,708 shares during the quarter. Brown Advisory Inc. owned 0.96% of Modine Manufacturing worth $38,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in shares of Modine Manufacturing by 7.7% during the fourth quarter. William Blair Investment Management LLC now owns 247,400 shares of the auto parts company's stock valued at $28,681,000 after purchasing an additional 17,599 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Modine Manufacturing during the 4th quarter worth approximately $19,719,000. Bessemer Group Inc. boosted its position in Modine Manufacturing by 9,728.6% during the 1st quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock worth $264,000 after buying an additional 3,405 shares during the period. Janney Montgomery Scott LLC grew its holdings in Modine Manufacturing by 159.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock worth $766,000 after acquiring an additional 6,134 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Modine Manufacturing by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 322,315 shares of the auto parts company's stock valued at $37,366,000 after acquiring an additional 11,350 shares during the period. Institutional investors own 95.23% of the company's stock.

Analyst Upgrades and Downgrades

MOD has been the topic of a number of recent research reports. KeyCorp began coverage on shares of Modine Manufacturing in a report on Thursday, June 12th. They set an "overweight" rating and a $125.00 price target on the stock. DA Davidson reaffirmed a "buy" rating and issued a $155.00 target price on shares of Modine Manufacturing in a research report on Monday, March 17th. Wall Street Zen raised shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Oppenheimer upped their price target on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $135.50.

Modine Manufacturing Trading Up 0.0%

MOD opened at $98.93 on Thursday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 0.64 and a beta of 2.04. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $146.84. The business has a 50 day simple moving average of $96.18 and a two-hundred day simple moving average of $95.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.15.

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

Want to see what other hedge funds are holding MOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modine Manufacturing Company (NYSE:MOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.