Cambridge Investment Research Advisors Inc. Has $279,000 Stake in Modine Manufacturing Company (NYSE:MOD)

Cambridge Investment Research Advisors Inc. trimmed its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 63.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,638 shares of the auto parts company's stock after selling 6,417 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Modine Manufacturing were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MOD. Register Financial Advisors LLC boosted its stake in Modine Manufacturing by 22.2% in the first quarter. Register Financial Advisors LLC now owns 20,400 shares of the auto parts company's stock worth $1,566,000 after purchasing an additional 3,700 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Modine Manufacturing by 32.4% in the first quarter. Johnson Investment Counsel Inc. now owns 3,446 shares of the auto parts company's stock worth $264,000 after purchasing an additional 843 shares in the last quarter. Mountain Pacific Investment Advisers LLC boosted its stake in Modine Manufacturing by 18.3% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 53,369 shares of the auto parts company's stock worth $4,096,000 after purchasing an additional 8,253 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Modine Manufacturing by 159.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock worth $766,000 after purchasing an additional 6,134 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Modine Manufacturing in the first quarter worth $460,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Trading Down 0.6%

Shares of MOD traded down $0.55 during trading hours on Friday, hitting $92.10. 981,878 shares of the stock traded hands, compared to its average volume of 961,009. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $146.84. The firm has a market capitalization of $4.83 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 0.60 and a beta of 2.04. The business has a fifty day moving average of $96.32 and a 200-day moving average of $95.09.

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

Wall Street Analyst Weigh In

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

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.