Expect Equity LLC Acquires 4,027 Shares of Modine Manufacturing Company $MOD

Key Points

• Expect Equity LLC increased its holdings in Modine Manufacturing Company by 19.7% during the first quarter, now owning 24,485 shares, valued at approximately $1.88 million.
• Insider activity showed significant sales, with EVP Michael B. Lucareli selling 80,661 shares worth over $10 million, resulting in a 54.66% decrease in his ownership stake.
• Modine Manufacturing reported a quarterly EPS of $1.06, exceeding expectations, with revenue rising to $682.80 million, a 3.2% increase from the previous year.

Expect Equity LLC lifted its stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,485 shares of the auto parts company's stock after purchasing an additional 4,027 shares during the quarter. Modine Manufacturing comprises about 2.1% of Expect Equity LLC's investment portfolio, making the stock its 25th largest holding. Expect Equity LLC's holdings in Modine Manufacturing were worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Situational Awareness LP boosted its holdings in shares of Modine Manufacturing by 980.1% during the first quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock worth $55,016,000 after purchasing an additional 650,457 shares during the period. Trexquant Investment LP acquired a new position in shares of Modine Manufacturing during the first quarter worth approximately $8,826,000. Champlain Investment Partners LLC acquired a new position in shares of Modine Manufacturing in the first quarter valued at $16,579,000. Truvestments Capital LLC raised its stake in Modine Manufacturing by 32.1% during the first quarter. Truvestments Capital LLC now owns 11,076 shares of the auto parts company's stock worth $850,000 after acquiring an additional 2,690 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its stake in Modine Manufacturing by 7.4% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,338 shares of the auto parts company's stock worth $1,254,000 after acquiring an additional 1,121 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total transaction of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares in the company, valued at $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael B. Lucareli sold 80,661 shares of Modine Manufacturing stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total value of $10,351,226.13. Following the sale, the executive vice president directly owned 66,920 shares of the company's stock, valued at approximately $8,587,843.60. This trade represents a 54.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock valued at $31,001,392 in the last 90 days. Corporate insiders own 2.48% of the company's stock.

Modine Manufacturing Stock Down 0.4%

NYSE:MOD traded down $0.56 on Wednesday, hitting $133.39. The stock had a trading volume of 221,912 shares, compared to its average volume of 1,174,466. The company has a market cap of $7.00 billion, a PE ratio of 38.31, a P/E/G ratio of 0.86 and a beta of 2.09. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $146.84. The business's fifty day moving average is $117.88 and its 200 day moving average is $97.63. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on MOD shares. Oppenheimer raised their price target on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. KeyCorp boosted their price target on Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Modine Manufacturing has an average rating of "Buy" and a consensus price target of $145.67.

About Modine Manufacturing

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.