Gamco Investors INC. ET AL Sells 18,484 Shares of Modine Manufacturing Company $MOD

Key Points

• Gamco Investors INC. ET AL reduced its stake in Modine Manufacturing Company by 1.5%, owning approximately 1,185,830 shares worth $91 million as of the latest SEC filing.
• A number of other institutional investors increased their holdings in Modine Manufacturing, with 95.23% of the company's stock now owned by institutional investors and hedge funds.
• Modine Manufacturing reported $1.06 earnings per share for the last quarter, exceeding the consensus estimate of $0.93, with a revenue of $682.80 million, up 3.2% from the previous year.

Gamco Investors INC. ET AL lessened its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 1.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,185,830 shares of the auto parts company's stock after selling 18,484 shares during the period. Modine Manufacturing accounts for 1.0% of Gamco Investors INC. ET AL's portfolio, making the stock its 18th biggest holding. Gamco Investors INC. ET AL owned about 2.26% of Modine Manufacturing worth $91,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Modine Manufacturing by 63.1% in the 1st 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 in the last quarter. Versant Capital Management Inc grew its position in Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock valued at $32,000 after buying an additional 300 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Modine Manufacturing in the 1st quarter valued at about $46,000. First Horizon Advisors Inc. grew its position in Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock valued at $49,000 after buying an additional 522 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Modine Manufacturing by 14.2% in the 1st 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 in the last quarter. Institutional investors own 95.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Oppenheimer increased their target price 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. KeyCorp raised their price objective 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. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $145.67.

Modine Manufacturing Trading Down 4.4%

Shares of MOD traded down $6.34 during midday trading on Friday, hitting $136.10. The stock had a trading volume of 655,433 shares, compared to its average volume of 853,579. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The business has a 50-day simple moving average of $116.42 and a two-hundred day simple moving average of $97.04. The firm has a market cap of $7.14 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 0.86 and a beta of 2.12. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced 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 net margin of 7.21% and a return on equity of 23.90%. The company had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. During the same period last year, the company posted $1.04 earnings per share. The business'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. As a group, equities analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Activity at Modine Manufacturing

In other news, EVP Michael B. Lucareli sold 40,422 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the sale, the executive vice president directly owned 41,920 shares of the company's stock, valued at $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 120,689 shares of the company's stock, valued at $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,765 shares of company stock valued at $27,455,523 over the last ninety days. 2.48% of the stock is owned by company insiders.

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.