Versor Investments LP Has $544,000 Stock Holdings in Modine Manufacturing Company $MOD

Key Points

• Versor Investments LP increased its stake in Modine Manufacturing Company by 36.7% during the first quarter, bringing its total holdings to 7,085 shares valued at $544,000.
• Multiple institutional investors have also significantly boosted their positions in Modine Manufacturing, with GAMMA Investing LLC increasing its holdings by 63.1% and First Horizon Advisors Inc. by 442.4% in the same period.
• Analysts are largely optimistic about Modine Manufacturing, as evidenced by KeyCorp raising its price target to $160.00 while three analysts rated the stock as a "Buy" with an average target price of $145.67.

Versor Investments LP lifted its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 36.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,085 shares of the auto parts company's stock after acquiring an additional 1,903 shares during the period. Versor Investments LP's holdings in Modine Manufacturing were worth $544,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC raised its stake in Modine Manufacturing by 27.4% during the 1st quarter. Algert Global LLC now owns 25,427 shares of the auto parts company's stock valued at $1,952,000 after acquiring an additional 5,470 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Modine Manufacturing in the first quarter valued at approximately $748,000. Nuveen LLC acquired a new position in shares of Modine Manufacturing during the first quarter valued at approximately $18,853,000. Cynosure Group LLC raised its holdings in Modine Manufacturing by 73.4% during the first quarter. Cynosure Group LLC now owns 4,390 shares of the auto parts company's stock worth $337,000 after purchasing an additional 1,858 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Modine Manufacturing by 12.4% in the first quarter. Deutsche Bank AG now owns 101,850 shares of the auto parts company's stock worth $7,817,000 after purchasing an additional 11,218 shares during the period. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Stock Up 4.1%

Shares of NYSE:MOD traded up $5.5970 during trading on Friday, reaching $140.4870. 773,051 shares of the company traded hands, compared to its average volume of 1,312,214. The firm has a fifty day simple moving average of $112.00 and a 200 day simple moving average of $95.59. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $146.84. The firm has a market cap of $7.37 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share 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 analyst estimates of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The business's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Marsha C. Williams sold 25,761 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 120,689 shares in the company, valued at approximately $16,265,256.53. This represents a 17.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares in the company, valued at $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 200,561 shares of company stock valued at $25,462,844 over the last quarter. Insiders own 2.48% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer boosted their price target 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. Finally, KeyCorp upped their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $145.67.

Modine Manufacturing 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.