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

Several other hedge funds have also recently made changes to their positions in MOD. Mercer Global Advisors Inc. ADV raised its position in shares of Modine Manufacturing by 13.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,739 shares of the auto parts company's stock valued at $318,000 after buying an additional 315 shares in the last quarter. Bank of America Corp DE grew its holdings in Modine Manufacturing by 1.1% during the 4th quarter. Bank of America Corp DE now owns 266,266 shares of the auto parts company's stock valued at $30,868,000 after purchasing an additional 2,782 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Modine Manufacturing during the 4th quarter valued at about $324,000. Cetera Investment Advisers grew its holdings in Modine Manufacturing by 3.0% during the 4th quarter. Cetera Investment Advisers now owns 9,616 shares of the auto parts company's stock valued at $1,115,000 after purchasing an additional 282 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Modine Manufacturing by 39.5% during the 4th quarter. Deutsche Bank AG now owns 90,632 shares of the auto parts company's stock valued at $10,507,000 after purchasing an additional 25,644 shares during the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

Shares of MOD stock opened at $147.36 on Friday. 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 company has a market capitalization of $7.73 billion, a P/E ratio of 42.22, a P/E/G ratio of 0.96 and a beta of 2.09. The company's 50-day simple moving average is $123.32 and its two-hundred day simple moving average is $100.02. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $154.00.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results 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. The business 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%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insiders Place Their Bets

In other Modine Manufacturing 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 transaction, the vice president directly owned 90,015 shares in the company, valued at $9,946,657.50. This represents a 34.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the company's stock in a transaction dated 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 transaction, the director owned 82,056 shares in the company, valued at $11,511,636.24. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MOD has been the topic of several analyst reports. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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. Finally, 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $145.67.

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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