Modine Manufacturing Company $MOD Stock Holdings Cut by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Modine Manufacturing by 26.9% during the second quarter, now holding approximately 0.14% of the company's shares valued at $7.31 million.
• Modine Manufacturing has a market capitalization of $8.07 billion and recently reported a 12-month high of $164.89, along with a net margin of 7.21% for the last quarter.
• Equities analysts have mixed ratings for Modine, with one firm raising its price target to $185.00, while others have maintained "hold" ratings, resulting in a consensus rating of "Moderate Buy."

Allspring Global Investments Holdings LLC reduced its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 26.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,627 shares of the auto parts company's stock after selling 27,416 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of Modine Manufacturing worth $7,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in 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 in the last quarter. Maseco LLP bought a new stake in shares of Modine Manufacturing during the 2nd quarter worth $51,000. First Horizon Advisors Inc. boosted its stake 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 worth $49,000 after acquiring an additional 522 shares in the last quarter. IFP Advisors Inc boosted its stake 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 worth $70,000 after acquiring an additional 113 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Modine Manufacturing during the 1st quarter worth $92,000. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Price Performance

MOD opened at $153.65 on Monday. The stock has a fifty day moving average of $144.61 and a 200-day moving average of $112.44. The firm has a market capitalization of $8.07 billion, a P/E ratio of 44.03, a PEG ratio of 0.98 and a beta of 2.06. Modine Manufacturing Company has a 12-month low of $64.79 and a 12-month high of $164.89. 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 (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating 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 firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Activity

In related news, Director Marsha C. Williams sold 25,761 shares of the 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 completion of the sale, the director directly owned 120,689 shares in the company, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael B. Lucareli sold 80,661 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $128.33, for a total value of $10,351,226.13. Following the sale, the executive vice president owned 66,920 shares of the company's stock, valued at approximately $8,587,843.60. This represents a 54.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock valued at $31,001,392 in the last three months. 2.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Oppenheimer raised their price objective on Modine Manufacturing from $145.00 to $180.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. DA Davidson reissued a "buy" rating and set a $185.00 price objective on shares of Modine Manufacturing in a research note on Monday, September 29th. Zacks Research lowered Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, KeyCorp raised their price objective on Modine Manufacturing from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.00.

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.

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