Interval Partners LP Buys New Shares in Modine Manufacturing Company $MOD

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 purchased a new stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 83,798 shares of the auto parts company's stock, valued at approximately $6,431,000. Interval Partners LP owned about 0.16% of Modine Manufacturing at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Modine Manufacturing by 245.9% during the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Modine Manufacturing during the 1st quarter valued at approximately $46,000. First Horizon Advisors Inc. grew its holdings 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 valued at $49,000 after purchasing an additional 522 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of 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. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Trading Down 0.5%

Shares of NYSE MOD traded down $0.65 during midday trading on Friday, reaching $135.34. The stock had a trading volume of 839,147 shares, compared to its average volume of 651,000. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 38.78, a price-to-earnings-growth ratio of 0.86 and a beta of 2.09. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $146.84. 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 company's 50 day moving average price is $119.87 and its 200 day moving average price is $98.58.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 7.21% and a return on equity of 23.90%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Transactions at Modine Manufacturing

In other news, insider Eric S. Mcginnis sold 25,173 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $140.86, for a total value of $3,545,868.78. Following the transaction, the insider owned 19,966 shares in the company, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael B. Lucareli sold 80,661 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at $8,587,843.60. This trade represents a 54.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,938 shares of company stock worth $31,001,392. Company insiders own 2.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer boosted their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, KeyCorp boosted their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.