Capital Fund Management S.A. Purchases Shares of 15,001 Modine Manufacturing Company $MOD

Key Points

• Capital Fund Management S.A. has invested $1.15 million in Modine Manufacturing Company, acquiring 15,001 shares of the company's stock.
• Several hedge funds significantly increased their stakes in Modine Manufacturing, with Wellington Management Group raising its position by 293.7%, reaching a total of over $189 million.
• Modine Manufacturing recently reported earnings of $1.06 per share, exceeding analysts' expectations, and had a revenue of $682.8 million for the quarter, up 3.2% year-over-year.

Capital Fund Management S.A. acquired a new position in Modine Manufacturing Company (NYSE:MOD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,001 shares of the auto parts company's stock, valued at approximately $1,151,000.

A number of other institutional investors have also recently made changes to their positions in MOD. Wellington Management Group LLP grew its position in shares of Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock valued at $189,479,000 after buying an additional 1,841,640 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 valued at $65,089,000 after acquiring an additional 672,960 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Modine Manufacturing by 187.3% in the first quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock valued at $67,220,000 after acquiring an additional 571,026 shares during the last quarter. J. Goldman & Co LP bought a new stake in Modine Manufacturing in the fourth quarter valued at approximately $43,201,000. Finally, Point72 Asset Management L.P. bought a new stake in Modine Manufacturing in the fourth quarter valued at approximately $30,192,000. Institutional investors own 95.23% of the company's stock.

Insider Transactions at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the transaction, the director directly owned 82,056 shares in the company, valued at $11,511,636.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $134.77, for a total value of $3,471,809.97. Following the completion of the transaction, the director owned 120,689 shares in the company, valued at approximately $16,265,256.53. This represents a 17.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,765 shares of company stock worth $27,455,523 in the last three months. Insiders own 2.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MOD shares. Oppenheimer upped their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, KeyCorp upped their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $145.67.

Modine Manufacturing Stock Down 4.4%

NYSE MOD traded down $6.34 on Friday, hitting $136.10. 655,433 shares of the company were exchanged, compared to its average volume of 786,543. The company has a market cap of $7.14 billion, a PE ratio of 39.00, a PEG ratio of 0.86 and a beta of 2.09. The stock has a fifty day moving average of $116.42 and a 200-day moving average of $97.07. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. The company had revenue of $682.80 million for the quarter, compared to analysts' expectations of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The business's revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

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.