Brown Advisory Inc. Has $38.57 Million Position in Modine Manufacturing Company (NYSE:MOD)

Brown Advisory Inc. cut its position in Modine Manufacturing Company (NYSE:MOD - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure 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 about 0.96% of Modine Manufacturing worth $38,570,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MOD. Envestnet Asset Management Inc. raised its holdings in shares of Modine Manufacturing by 28.8% during the first quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company's stock worth $5,027,000 after acquiring an additional 14,664 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Modine Manufacturing by 384.3% during 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 acquiring an additional 672,960 shares during the period. Impax Asset Management Group plc acquired a new stake in shares of Modine Manufacturing during the first quarter worth $4,605,000. D.A. Davidson & CO. raised its holdings in shares of Modine Manufacturing by 4.0% during the first quarter. D.A. Davidson & CO. now owns 65,045 shares of the auto parts company's stock worth $4,992,000 after acquiring an additional 2,479 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Modine Manufacturing by 442.4% during the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after acquiring an additional 522 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of MOD stock traded down $5.91 during midday trading on Thursday, hitting $92.77. 3,719,041 shares of the company were exchanged, compared to its average volume of 960,537. The firm has a market capitalization of $4.86 billion, a P/E ratio of 27.13, a PEG ratio of 0.64 and a beta of 2.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.78. The firm's 50 day moving average price is $96.18 and its two-hundred day moving average price is $95.60. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $146.84.

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, beating analysts' consensus estimates of $0.96 by $0.16. The firm had revenue of $647.20 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MOD shares. KeyCorp assumed coverage on shares of Modine Manufacturing in a report on Thursday, June 12th. They set an "overweight" rating and a $125.00 price objective on the stock. DA Davidson restated a "buy" rating and set a $155.00 price objective on shares of Modine Manufacturing in a research note on Monday, March 17th. Wall Street Zen upgraded shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Oppenheimer lifted their target price 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.