Mutual of America Capital Management LLC Purchases 13,640 Shares of Modine Manufacturing Company $MOD

Key Points

• Mutual of America Capital Management LLC increased its holdings in Modine Manufacturing Company by 25.1%, acquiring an additional 13,640 shares to reach a total of 67,876 shares valued at approximately $6.69 million.
• Institutional investors collectively own 95.23% of Modine Manufacturing's stock, with notable increases in holdings from firms such as Vanguard Group and Wellington Management Group.
• Equities analysts have mixed views on Modine Manufacturing, with a consensus rating of "Moderate Buy" and diverse price targets ranging from $180.00 to $185.00.

Mutual of America Capital Management LLC increased its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 25.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,876 shares of the auto parts company's stock after acquiring an additional 13,640 shares during the period. Mutual of America Capital Management LLC owned approximately 0.13% of Modine Manufacturing worth $6,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Modine Manufacturing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock worth $398,145,000 after acquiring an additional 128,587 shares during the period. Wellington Management Group LLP increased its holdings in Modine Manufacturing by 293.7% during the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after acquiring an additional 1,841,640 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Modine Manufacturing by 24.6% in the 2nd quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company's stock worth $107,520,000 after buying an additional 215,727 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Modine Manufacturing by 384.3% in the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after buying an additional 672,960 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Modine Manufacturing by 27.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company's stock worth $64,653,000 after buying an additional 180,539 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MOD shares. Zacks Research lowered shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer increased their price target on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an "outperform" rating in a report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. Finally, DA Davidson reissued a "buy" rating and issued a $185.00 price target on shares of Modine Manufacturing in a report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.00.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,204 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.29, for a total value of $1,992,679.16. Following the sale, the director owned 82,056 shares of the company's stock, valued at $11,511,636.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric S. Mcginnis sold 25,173 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the sale, the insider directly owned 19,966 shares in the company, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $157.86 on Tuesday. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $164.89. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 45.23, a price-to-earnings-growth ratio of 0.98 and a beta of 2.06. The company has a fifty day moving average of $145.08 and a 200-day moving average of $113.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (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 company had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. During the same quarter in the prior year, the company earned $1.04 EPS. 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 research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

About Modine Manufacturing

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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