Modine Manufacturing Company $MOD Shares Acquired by Osterweis Capital Management Inc.

Key Points

• Osterweis Capital Management Inc. increased its stake in Modine Manufacturing Company by 11.5%, acquiring an additional 15,355 shares, bringing its total ownership to approximately 0.28% of the company, valued at around $11.44 million.
• Multiple institutional investors have significantly increased their holdings in Modine Manufacturing, with Bank of New York Mellon Corp raising its stake by 384.3% during the first quarter.
• Wall Street analysts have mixed views on Modine Manufacturing's stock, with three analysts giving it a Buy rating and a consensus target price of $145.67.

Osterweis Capital Management Inc. boosted its position in Modine Manufacturing Company (NYSE:MOD - Free Report) by 11.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 149,082 shares of the auto parts company's stock after acquiring an additional 15,355 shares during the period. Osterweis Capital Management Inc. owned about 0.28% of Modine Manufacturing worth $11,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Modine Manufacturing by 14.2% in the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock worth $70,000 after acquiring an additional 113 shares during the period. GAMMA Investing LLC grew its stake in Modine Manufacturing by 63.1% in 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 during the period. Mesirow Financial Investment Management Inc. grew its stake in Modine Manufacturing by 6.2% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company's stock worth $241,000 after acquiring an additional 182 shares during the period. Bay Rivers Group grew its stake in Modine Manufacturing by 3.4% in the 1st quarter. Bay Rivers Group now owns 6,308 shares of the auto parts company's stock worth $484,000 after acquiring an additional 209 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Modine Manufacturing by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,832 shares of the auto parts company's stock valued at $1,024,000 after buying an additional 231 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Modine Manufacturing

In other news, VP Brian Jon Agen sold 47,939 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the sale, the vice president owned 90,015 shares in the company, valued at approximately $9,946,657.50. This represents a 34.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael B. Lucareli sold 80,661 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. The trade was a 54.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,561 shares of company stock worth $25,462,844 in the last ninety days. 2.48% of the stock is owned by insiders.

Modine Manufacturing Stock Up 4.1%

Modine Manufacturing stock traded up $5.5970 during trading on Friday, reaching $140.4870. 773,051 shares of the company's stock were exchanged, compared to its average volume of 1,312,214. The company's 50-day moving average is $112.00 and its two-hundred day moving average is $95.59. 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 Company has a 52-week low of $64.79 and a 52-week high of $146.84. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 0.86 and a beta of 2.12.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, topping 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 firm had revenue of $682.80 million for the quarter, compared to analyst estimates of $653.80 million. During the same quarter in the previous year, the business posted $1.04 EPS. The firm's revenue was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

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

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.