MRA Advisory Group Invests $568,000 in Modine Manufacturing Company $MOD

Key Points

• MRA Advisory Group acquired a new stake in Modine Manufacturing Company, purchasing 5,766 shares valued at approximately $568,000.
• Modine reported $1.06 earnings per share for the last quarter, exceeding analysts' expectations of $0.93, while its revenue grew by 3.2% year-over-year.
• Institutional investors own 95.23% of Modine's stock, with several firms recently increasing their positions in the company.

MRA Advisory Group bought a new position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,766 shares of the auto parts company's stock, valued at approximately $568,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Modine Manufacturing by 2.5% in the first quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock valued at $398,145,000 after purchasing an additional 128,587 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Modine Manufacturing by 293.7% in the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock valued at $189,479,000 after purchasing an additional 1,841,640 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Modine Manufacturing by 187.3% in the first quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock valued at $67,220,000 after purchasing an additional 571,026 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Modine Manufacturing by 384.3% in the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after purchasing an additional 672,960 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Modine Manufacturing by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company's stock valued at $64,653,000 after purchasing an additional 180,539 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total transaction of $5,297,259.50. Following the transaction, the vice president owned 90,015 shares of the company's stock, valued at $9,946,657.50. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the completion of the sale, the director directly owned 82,056 shares of the company's stock, valued at $11,511,636.24. The trade was a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 239,938 shares of company stock valued at $31,001,392 over the last 90 days. 2.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer upped their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, KeyCorp upped their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $145.67.

Modine Manufacturing Trading Down 2.9%

NYSE:MOD traded down $4.62 during trading hours on Friday, reaching $153.95. 389,752 shares of the company were exchanged, compared to its average volume of 1,148,456. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.97 and a beta of 2.09. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $159.54. The stock has a 50 day simple moving average of $128.75 and a 200 day simple moving average of $102.46.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. The company had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. Modine Manufacturing's revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, analysts predict that Modine Manufacturing Company will post 3.88 EPS for the current year.

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.