Intech Investment Management LLC Has $2.65 Million Stake in Modine Manufacturing Company $MOD

Key Points

• Intech Investment Management LLC increased its stake in Modine Manufacturing Company by 38.8%, now owning 34,501 shares valued at approximately $2.65 million.
• Insider sales included Eric S. Mcginnis and EVP Michael B. Lucareli, who collectively sold over $9 million worth of company stock in August.
• Analysts remain optimistic, with KeyCorp raising Modine's price target to $160.00 and several analysts rating the stock as "Buy" despite differing opinions on its current valuation.

Intech Investment Management LLC grew its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,501 shares of the auto parts company's stock after buying an additional 9,646 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of Modine Manufacturing worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Zimmer Partners LP acquired a new stake in shares of Modine Manufacturing during the 1st quarter valued at about $768,000. Great Lakes Advisors LLC acquired a new stake in shares of Modine Manufacturing during the 1st quarter valued at about $1,069,000. Front Street Capital Management Inc. lifted its holdings in shares of Modine Manufacturing by 0.5% during the 1st quarter. Front Street Capital Management Inc. now owns 77,930 shares of the auto parts company's stock valued at $5,981,000 after buying an additional 410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Modine Manufacturing by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company's stock valued at $2,857,000 after buying an additional 7,831 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of Modine Manufacturing during the 1st quarter valued at about $6,431,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Modine Manufacturing

In other news, insider Eric S. Mcginnis sold 25,173 shares of Modine Manufacturing stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the sale, the insider owned 19,966 shares of the company's stock, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael B. Lucareli sold 40,422 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total value of $5,678,078.34. Following the sale, the executive vice president directly owned 41,920 shares in the company, valued at $5,888,502.40. The trade was a 49.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,938 shares of company stock worth $31,001,392 in the last three months. Company insiders own 2.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their price target on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Oppenheimer raised their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three equities 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 Performance

Shares of NYSE MOD opened at $149.47 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $124.22 and its two-hundred day moving average is $100.71. The company has a market cap of $7.85 billion, a P/E ratio of 42.83, a P/E/G ratio of 0.95 and a beta of 2.09. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $154.00.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results 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. The company 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 company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

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.

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