Fuller & Thaler Asset Management Inc. Purchases 180,539 Shares of Modine Manufacturing Company $MOD

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Modine Manufacturing by 27.3%, acquiring 180,539 shares during the first quarter, bringing its total ownership to 842,379 shares worth $64.65 million.
• Modine Manufacturing's stock has received mixed analyst ratings, with KeyCorp raising its price target to $160 while Wall Street Zen downgraded it from "buy" to "hold."
• Insider sales in Modine Manufacturing included a significant transaction by EVP Michael B. Lucareli, who sold 40,422 shares for over $5.6 million, indicating a 49.09% decrease in his ownership.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 842,379 shares of the auto parts company's stock after purchasing an additional 180,539 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.60% of Modine Manufacturing worth $64,653,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MOD. GAMMA Investing LLC lifted its position in Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after buying an additional 142 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock worth $32,000 after acquiring an additional 300 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Modine Manufacturing in the 1st quarter worth about $46,000. First Horizon Advisors Inc. boosted its stake in shares of Modine Manufacturing by 442.4% during the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after purchasing an additional 522 shares during the period. Finally, IFP Advisors Inc grew its holdings in Modine Manufacturing by 14.2% during the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp raised their price objective on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday. Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Oppenheimer lifted their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st.

Insiders Place Their Bets

In other Modine Manufacturing news, EVP Michael B. Lucareli sold 40,422 shares of the company's 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 transaction, the executive vice president owned 41,920 shares in the company, valued at approximately $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the transaction, the vice president owned 90,015 shares in the company, valued at $9,946,657.50. This represents a 34.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,561 shares of company stock valued at $25,462,844. Company insiders own 2.48% of the company's stock.

Modine Manufacturing Price Performance

Shares of NYSE MOD opened at $139.50 on Tuesday. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The company has a market cap of $7.32 billion, a PE ratio of 39.97, a P/E/G ratio of 0.88 and a beta of 2.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The business has a 50-day simple moving average of $108.59 and a two-hundred day simple moving average of $94.53.

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

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.

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