Thematics Asset Management Acquires Shares of 35,000 Modine Manufacturing Company $MOD

Key Points

• Thematics Asset Management has acquired a new stake in Modine Manufacturing Company, purchasing 35,000 shares valued at approximately $2,686,000, which represents about 0.07% ownership.
• Institutional investors hold a significant interest in Modine, collectively owning 95.23% of the company's stock, with several hedge funds increasing their stakes during the first quarter.
• Modine Manufacturing recently reported $1.06 earnings per share for the last quarter, surpassing analyst estimates, and forecasts an EPS of 3.88 for the current fiscal year.

Thematics Asset Management acquired a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 35,000 shares of the auto parts company's stock, valued at approximately $2,686,000. Thematics Asset Management owned about 0.07% of Modine Manufacturing as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Modine Manufacturing by 5.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company's stock valued at $154,000 after acquiring an additional 105 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 113 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 142 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Modine Manufacturing by 6.2% during the first 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 raised its holdings in shares of Modine Manufacturing by 3.4% during the first quarter. Bay Rivers Group now owns 6,308 shares of the auto parts company's stock valued at $484,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 95.23% of the company's stock.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $134.77, for a total value of $3,471,809.97. Following the completion of the transaction, the director owned 120,689 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the transaction, the vice president owned 90,015 shares of the company's stock, valued at approximately $9,946,657.50. This trade represents a 34.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,561 shares of company stock worth $25,462,844. 2.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Modine Manufacturing Price Performance

MOD opened at $140.4870 on Monday. The stock has a fifty day simple moving average of $112.00 and a two-hundred day simple moving average of $95.57. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. Modine Manufacturing Company has a 12-month low of $64.79 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. The business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts predict 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.

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