Modine Manufacturing Company $MOD Stock Position Lifted by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates boosted its stake in Modine by 3,145.2% in Q4, buying 422,646 shares to hold 436,084 shares (about 0.83% of the company) worth roughly $58.22 million.
• Sell-side sentiment is broadly positive with a consensus rating of "Moderate Buy" (six Buys, two Holds) and a consensus target of $234.33, while several firms set higher targets (e.g., GLJ $290, Roth MKM $263, DA Davidson $265, Oppenheimer $240) and Wall Street Zen downgraded to Hold.
• Modine beat estimates last quarter with $1.19 EPS versus $0.99 expected and $805M revenue (up 30.5% YoY); the stock trades near $261 with a 12‑month range of $86.48–$272.61 and a P/E around 145.

Van Berkom & Associates Inc. lifted its holdings in Modine Manufacturing Company (NYSE:MOD - Free Report) by 3,145.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 436,084 shares of the auto parts company's stock after purchasing an additional 422,646 shares during the quarter. Van Berkom & Associates Inc. owned 0.83% of Modine Manufacturing worth $58,222,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Modine Manufacturing in the fourth quarter valued at $27,000. First Horizon Corp acquired a new stake in shares of Modine Manufacturing in the third quarter valued at $38,000. Sunbelt Securities Inc. acquired a new stake in shares of Modine Manufacturing in the third quarter valued at $39,000. Danske Bank A S acquired a new stake in shares of Modine Manufacturing in the third quarter valued at $43,000. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Modine Manufacturing by 154.0% in the third quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company's stock valued at $68,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 95.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Glj Research assumed coverage on Modine Manufacturing in a report on Monday, March 30th. They issued a "buy" rating and a $290.00 price objective for the company. Roth Mkm assumed coverage on Modine Manufacturing in a report on Wednesday, February 18th. They issued a "buy" rating and a $263.00 price objective for the company. Oppenheimer upped their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, February 6th. Wall Street Zen lowered Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Finally, DA Davidson restated a "buy" rating and issued a $265.00 price objective on shares of Modine Manufacturing in a report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $234.33.

Modine Manufacturing Trading Down 2.2%

Shares of NYSE MOD opened at $261.02 on Tuesday. Modine Manufacturing Company has a 12 month low of $86.48 and a 12 month high of $272.61. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 145.01, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $223.54 and a 200-day simple moving average of $179.97.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $763.54 million. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.Modine Manufacturing's quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Sell-side analysts predict that Modine Manufacturing Company will post 4.82 EPS for the current year.

Modine Manufacturing Company Profile

Modine Manufacturing Company NYSE: MOD is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.

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