114,991 Shares in Modine Manufacturing Company $MOD Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired a new stake in Modine Manufacturing, purchasing 114,991 shares valued at approximately $8.8 million, representing 0.22% of the company's total shares.
• Several institutional investors, including Price T Rowe Associates and Hsbc Holdings PLC, have significantly increased their positions in Modine Manufacturing during the fourth quarter, reflecting strong interest in the stock.
• Modine Manufacturing reported quarterly earnings surpassing estimates, with an EPS of $1.06 against a consensus of $0.93, and a 3.2% year-over-year increase in revenue, signaling positive financial performance.

Trexquant Investment LP acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 114,991 shares of the auto parts company's stock, valued at approximately $8,826,000. Trexquant Investment LP owned approximately 0.22% of Modine Manufacturing at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Champlain Investment Partners LLC bought a new position in shares of Modine Manufacturing in the first quarter valued at about $16,579,000. Truvestments Capital LLC raised its holdings in shares of Modine Manufacturing by 32.1% in the first quarter. Truvestments Capital LLC now owns 11,076 shares of the auto parts company's stock valued at $850,000 after buying an additional 2,690 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Modine Manufacturing by 7.4% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 16,338 shares of the auto parts company's stock valued at $1,254,000 after buying an additional 1,121 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of Modine Manufacturing by 3.5% in the first quarter. Gabelli Funds LLC now owns 411,300 shares of the auto parts company's stock valued at $31,567,000 after buying an additional 14,100 shares during the last quarter. Finally, Thematics Asset Management bought a new position in shares of Modine Manufacturing in the first quarter valued at about $2,686,000. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Down 0.0%

MOD stock traded down $0.02 during trading hours on Wednesday, reaching $133.93. 361,045 shares of the stock were exchanged, compared to its average volume of 1,175,250. The firm's 50-day moving average is $117.88 and its 200-day moving average is $97.63. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 0.86 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. 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 released its earnings results 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. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. During the same quarter in the prior year, the company earned $1.04 EPS. The company's revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

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

Modine Manufacturing Company 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.