Champlain Investment Partners LLC Purchases Shares of 216,017 Modine Manufacturing Company $MOD

Key Points

• Champlain Investment Partners LLC acquired a total of 216,017 shares of Modine Manufacturing, valued at approximately $16.58 million, representing a 0.41% stake in the company.
• Other institutional investors, including Vanguard Group and Wellington Management, significantly increased their positions in Modine Manufacturing, contributing to 95.23% of the stock being owned by institutions.
• Modine Manufacturing recently reported $1.06 EPS for the quarter, surpassing the consensus estimate of $0.93, and expects to post 3.88 EPS for the current fiscal year.

Champlain Investment Partners LLC bought a new position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 216,017 shares of the auto parts company's stock, valued at approximately $16,579,000. Champlain Investment Partners LLC owned about 0.41% of Modine Manufacturing at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after purchasing an additional 142 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Modine Manufacturing by 9,728.6% during the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock worth $264,000 after purchasing an additional 3,405 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Modine Manufacturing by 159.7% during 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 during the last quarter. Bank of New York Mellon Corp lifted its position 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 purchasing an additional 672,960 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Modine Manufacturing by 16.0% during the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company's stock worth $185,000 after purchasing an additional 333 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Down 4.4%

Shares of MOD stock traded down $6.34 during mid-day trading on Friday, hitting $136.10. 655,433 shares of the stock traded hands, compared to its average volume of 853,579. The stock has a market cap of $7.14 billion, a P/E ratio of 39.00, a P/E/G ratio of 0.86 and a beta of 2.12. The stock's fifty day moving average is $116.42 and its two-hundred day moving average is $97.04. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $146.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28.

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

Insider Activity

In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 82,056 shares in the company, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael B. Lucareli sold 40,422 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the sale, the executive vice president owned 41,920 shares of the company's stock, valued at approximately $5,888,502.40. This trade represents a 49.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,765 shares of company stock valued at $27,455,523. Corporate insiders own 2.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MOD. Wall Street Zen cut Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. KeyCorp upped their target price on Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, Oppenheimer upped their target price on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Three investment 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 price target of $145.67.

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.