Situational Awareness LP Boosts Position in Modine Manufacturing Company $MOD

Key Points

• Situational Awareness LP significantly boosted its investment in Modine Manufacturing by 980.1% in the 1st quarter, making it the firm's 5th largest position.
• Modine Manufacturing reported earnings of $1.06 per share for the quarter, exceeding expectations and indicating a 3.2% increase in revenue year-over-year.
• Insider trading activity included notable sales by company directors, with a total of 214,765 shares sold worth over $27 million in the last quarter.

Situational Awareness LP lifted its stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 980.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,824 shares of the auto parts company's stock after acquiring an additional 650,457 shares during the period. Modine Manufacturing accounts for about 5.5% of Situational Awareness LP's investment portfolio, making the stock its 5th largest position. Situational Awareness LP owned 1.36% of Modine Manufacturing worth $55,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Modine Manufacturing by 5.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company's stock valued at $154,000 after buying an additional 105 shares during the period. IFP Advisors Inc raised its holdings in Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after buying an additional 113 shares during the period. GAMMA Investing LLC raised its holdings in Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after buying an additional 142 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in Modine Manufacturing by 6.2% in the first quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company's stock valued at $241,000 after buying an additional 182 shares during the period. Finally, Bay Rivers Group raised its holdings in Modine Manufacturing by 3.4% in the first quarter. Bay Rivers Group now owns 6,308 shares of the auto parts company's stock valued at $484,000 after buying an additional 209 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Down 4.4%

NYSE:MOD traded down $6.34 during trading hours on Friday, hitting $136.10. The stock had a trading volume of 655,433 shares, compared to its average volume of 786,543. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $146.84. 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 company has a market cap of $7.14 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 0.86 and a beta of 2.09. The business has a 50 day simple moving average of $116.42 and a two-hundred day simple moving average of $97.07.

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

Analyst Ratings Changes

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

Insider Transactions at Modine Manufacturing

In related news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the transaction, the director directly owned 120,689 shares in the company, valued at $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the firm's stock in a transaction on 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 $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,765 shares of company stock valued at $27,455,523. Company insiders own 2.48% of the company's stock.

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.