Modine Manufacturing Company (NYSE:MOD) Stock Position Lifted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,522 shares of the auto parts company's stock after purchasing an additional 23,446 shares during the period. Segall Bryant & Hamill LLC owned 0.40% of Modine Manufacturing worth $16,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its stake in Modine Manufacturing by 8.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company's stock valued at $208,000 after purchasing an additional 136 shares during the period. GAMMA Investing LLC boosted its stake in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 142 shares during the period. Summit Investment Advisors Inc. boosted its stake in Modine Manufacturing by 2.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,284 shares of the auto parts company's stock valued at $613,000 after purchasing an additional 146 shares during the period. Signaturefd LLC boosted its stake in Modine Manufacturing by 6.0% during the 4th quarter. Signaturefd LLC now owns 2,786 shares of the auto parts company's stock valued at $323,000 after purchasing an additional 157 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Modine Manufacturing by 567.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 193 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

Shares of NYSE MOD traded up $0.38 during midday trading on Friday, reaching $97.85. The company's stock had a trading volume of 1,180,684 shares, compared to its average volume of 965,368. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $146.84. The company has a 50 day moving average price of $96.44 and a 200 day moving average price of $94.53. The company has a current ratio of 1.78, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 0.59 and a beta of 2.04.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $633.13 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm's revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MOD. KeyCorp began coverage on shares of Modine Manufacturing in a research note on Thursday, June 12th. They set an "overweight" rating and a $125.00 target price for the company. Oppenheimer boosted their price target 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. Finally, Wall Street Zen upgraded shares of Modine Manufacturing from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $135.50.

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.