Osterweis Capital Management Inc. Raises Stock Holdings in Modine Manufacturing Company $MOD

Key Points

• Osterweis Capital Management Inc. increased its holdings in Modine Manufacturing by 11.5% during the first quarter, acquiring a total of 149,082 shares, valued at approximately $11.44 million.
• Modine Manufacturing reported earnings of $1.06 EPS for the last quarter, exceeding analysts' estimates of $0.93, with revenue reaching $682.80 million.
• The stock has recently seen significant insider selling, with VP Brian Jon Agen selling 47,939 shares valued at over $5.29 million, representing a 34.75% decrease in his ownership.

Osterweis Capital Management Inc. grew its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,082 shares of the auto parts company's stock after acquiring an additional 15,355 shares during the quarter. Osterweis Capital Management Inc. owned about 0.28% of Modine Manufacturing worth $11,442,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of MOD. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Modine Manufacturing by 5.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company's stock worth $154,000 after acquiring an additional 105 shares during the last quarter. IFP Advisors Inc grew its holdings in Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock worth $70,000 after buying an additional 113 shares in the last quarter. GAMMA Investing LLC raised its position in 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 buying an additional 142 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in Modine Manufacturing by 6.2% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company's stock valued at $241,000 after acquiring an additional 182 shares in the last quarter. Finally, Bay Rivers Group boosted its holdings in Modine Manufacturing by 3.4% during the first quarter. Bay Rivers Group now owns 6,308 shares of the auto parts company's stock worth $484,000 after purchasing an additional 209 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the completion of the sale, the director owned 120,689 shares of the company's stock, valued at approximately $16,265,256.53. This represents a 17.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric S. Mcginnis sold 25,173 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the transaction, the insider owned 19,966 shares in the company, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,938 shares of company stock worth $31,001,392 in the last ninety days. 2.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Modine Manufacturing Price Performance

NYSE:MOD traded down $1.22 during trading hours on Wednesday, hitting $152.11. 149,785 shares of the company's stock traded hands, compared to its average volume of 1,150,776. The firm has a market cap of $7.98 billion, a P/E ratio of 43.56, a P/E/G ratio of 0.97 and a beta of 2.09. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business's fifty day simple moving average is $126.36 and its two-hundred day simple moving average is $101.54. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $155.73.

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