Modine Manufacturing Company (NYSE:MOD) Stock Position Lifted by Register Financial Advisors LLC

Register Financial Advisors LLC lifted its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,400 shares of the auto parts company's stock after purchasing an additional 3,700 shares during the period. Register Financial Advisors LLC's holdings in Modine Manufacturing were worth $1,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MOD. Skandinaviska Enskilda Banken AB publ grew its position in shares of Modine Manufacturing by 567.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company's stock worth $27,000 after buying an additional 193 shares in the last quarter. GAMMA Investing LLC grew its holdings in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after acquiring an additional 142 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Modine Manufacturing during the first quarter worth about $46,000. Finally, Principal Securities Inc. lifted its position in shares of Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company's stock worth $63,000 after purchasing an additional 269 shares during the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Performance

Shares of NYSE MOD traded up $2.96 during mid-day trading on Tuesday, hitting $100.13. The company had a trading volume of 682,210 shares, compared to its average volume of 943,374. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $146.84. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 0.63 and a beta of 2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.15. The firm's 50 day simple moving average is $90.49 and its two-hundred day simple moving average is $97.34.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.16. The company had revenue of $647.20 million for the quarter, compared to analysts' expectations of $633.13 million. Modine Manufacturing had a return on equity of 25.31% and a net margin of 7.12%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. As a group, equities research analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Modine Manufacturing announced that its board has authorized a share buyback plan on Friday, March 7th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 2.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have issued reports on the company. DA Davidson restated a "buy" rating and set a $155.00 price objective on shares of Modine Manufacturing in a research note on Monday, March 17th. Oppenheimer upped their price target on Modine Manufacturing from $114.00 to $121.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, KeyCorp assumed coverage on shares of Modine Manufacturing in a research note on Thursday, June 12th. They set an "overweight" rating and a $125.00 target price for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $135.25.

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.