Schechter Investment Advisors LLC Invests $819,000 in Modine Manufacturing Company (NYSE:MOD)

Schechter Investment Advisors LLC acquired a new stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,676 shares of the auto parts company's stock, valued at approximately $819,000.

A number of other hedge funds have also added to or reduced their stakes in MOD. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Modine Manufacturing by 567.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company's stock worth $27,000 after acquiring an additional 193 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Versant Capital Management Inc boosted its stake in Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Modine Manufacturing in the 1st quarter worth about $46,000. Finally, First Horizon Advisors Inc. boosted its stake in Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after purchasing an additional 522 shares in the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOD has been the topic of several recent research reports. KeyCorp initiated coverage on shares of Modine Manufacturing in a research note on Thursday, June 12th. They issued an "overweight" rating and a $125.00 price objective on the stock. Wall Street Zen upgraded shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Oppenheimer increased their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $135.50.

Modine Manufacturing Price Performance

MOD traded up $1.29 on Friday, hitting $98.76. 603,585 shares of the company's stock traded hands, compared to its average volume of 963,128. The company's 50 day simple moving average is $96.44 and its 200-day simple moving average is $94.53. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 0.59 and a beta of 2.04. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $146.84. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.16. Modine Manufacturing had a net margin of 7.12% and a return on equity of 25.31%. The business had revenue of $647.20 million during the quarter, compared to analyst estimates of $633.13 million. During the same period last year, the firm posted $0.77 EPS. The company's revenue was up 7.2% on a year-over-year basis. As a group, research analysts anticipate 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.