Register Financial Advisors LLC Has $1.57 Million Stake in Modine Manufacturing Company (NYSE:MOD)

Register Financial Advisors LLC grew its position in Modine Manufacturing Company (NYSE:MOD - Free Report) by 22.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 20,400 shares of the auto parts company's stock after acquiring 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 filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Johnson Investment Counsel Inc. lifted its stake in shares of Modine Manufacturing by 32.4% in the 1st quarter. Johnson Investment Counsel Inc. now owns 3,446 shares of the auto parts company's stock valued at $264,000 after acquiring an additional 843 shares during the last quarter. Mountain Pacific Investment Advisers LLC lifted its stake in shares of Modine Manufacturing by 18.3% in the 1st quarter. Mountain Pacific Investment Advisers LLC now owns 53,369 shares of the auto parts company's stock valued at $4,096,000 after acquiring an additional 8,253 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Modine Manufacturing by 159.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock valued at $766,000 after acquiring an additional 6,134 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Modine Manufacturing in the 1st quarter valued at $460,000. Finally, GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 142 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Trading Up 0.8%

Modine Manufacturing stock traded up $0.75 during trading hours on Friday, reaching $96.85. 930,073 shares of the company's stock were exchanged, compared to its average volume of 946,006. The company has a quick ratio of 1.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $90.09 and its 200 day simple moving average is $97.92. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $146.84. The firm has a market capitalization of $5.07 billion, a PE ratio of 28.32, a PEG ratio of 0.63 and a beta of 2.06.

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

Modine Manufacturing announced that its Board of Directors has approved a stock buyback plan on Friday, March 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the auto parts company to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

MOD has been the subject of several analyst reports. KeyCorp initiated coverage on Modine Manufacturing in a research report on Thursday, June 12th. They set an "overweight" rating and a $125.00 target price for the company. Wall Street Zen raised Modine Manufacturing from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. DA Davidson reaffirmed a "buy" rating and set a $155.00 target price on shares of Modine Manufacturing in a research report on Monday, March 17th. Finally, Oppenheimer raised their target price on Modine Manufacturing from $114.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock 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.