83,798 Shares in Modine Manufacturing Company $MOD Acquired by Interval Partners LP

Key Points

• Interval Partners LP purchased 83,798 shares of Modine Manufacturing Company, valued at approximately $6.43 million, representing about 0.16% ownership as per the latest SEC filing.
• Several hedge funds, including GAMMA Investing LLC and Versant Capital Management Inc, significantly increased their stakes in Modine, demonstrating growing institutional interest in the company.
• Modine Manufacturing recently reported earnings per share of $1.06, exceeding analyst expectations, with revenue of $682.80 million, a 3.2% year-over-year increase.

Interval Partners LP bought a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 83,798 shares of the auto parts company's stock, valued at approximately $6,431,000. Interval Partners LP owned 0.16% of Modine Manufacturing as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Modine Manufacturing by 293.7% in the first 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 buying an additional 672,960 shares in the last quarter. Situational Awareness LP grew its stake in shares of Modine Manufacturing by 980.1% in the first quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock valued at $55,016,000 after buying an additional 650,457 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of 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 buying an additional 571,026 shares in the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of Modine Manufacturing in the fourth quarter valued at $43,201,000. Hedge funds and other institutional investors own 95.23% of the company's stock.

Insiders Place Their Bets

In other 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 transaction, the director owned 82,056 shares in the company, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael B. Lucareli sold 80,661 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $128.33, for a total value of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. The trade was a 54.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MOD. KeyCorp lifted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Oppenheimer lifted 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 cut 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 data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $145.67.

Modine Manufacturing Stock Up 8.9%

MOD traded up $12.29 on Wednesday, hitting $150.81. 897,274 shares of the company were exchanged, compared to its average volume of 1,161,199. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $154.00. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 0.88 and a beta of 2.09. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $121.48 and a two-hundred day moving average price of $99.22.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its 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. 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 analysts' expectations of $653.80 million. During the same period in the previous year, the firm posted $1.04 EPS. Modine Manufacturing's revenue for the quarter was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current 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.