Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Position in Modine Manufacturing Company $MOD

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,292 shares of the auto parts company's stock after selling 5,810 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Modine Manufacturing worth $8,720,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in Modine Manufacturing by 17.6% during the third quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company's stock worth $71,000 after buying an additional 75 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Modine Manufacturing by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company's stock valued at $421,000 after acquiring an additional 103 shares during the period. Intrust Bank NA raised its position in shares of Modine Manufacturing by 2.3% in the 3rd quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company's stock worth $699,000 after acquiring an additional 109 shares in the last quarter. BCS Private Wealth Management Inc. raised its position in shares of Modine Manufacturing by 2.8% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company's stock worth $643,000 after acquiring an additional 125 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Modine Manufacturing by 1.2% during the 3rd quarter. Arizona State Retirement System now owns 14,752 shares of the auto parts company's stock worth $2,097,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Trading Up 0.1%

NYSE MOD opened at $251.89 on Monday. Modine Manufacturing Company has a 12-month low of $77.29 and a 12-month high of $260.01. The company has a fifty day simple moving average of $221.54 and a two-hundred day simple moving average of $177.35. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The stock has a market cap of $13.28 billion, a P/E ratio of 139.94, a P/E/G ratio of 1.02 and a beta of 1.68.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.20. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The firm had revenue of $805.00 million for the quarter, compared to analyst estimates of $763.54 million. During the same period in the previous year, the company earned $0.92 earnings per share. The business's quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts forecast that Modine Manufacturing Company will post 4.82 earnings per share for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total transaction of $202,477.00. Following the sale, the director owned 79,856 shares in the company, valued at approximately $14,699,093.92. The trade was a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer raised their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, February 6th. Glj Research assumed coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a "buy" rating and a $290.00 target price for the company. Roth Mkm assumed coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They set a "buy" rating and a $263.00 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of Modine Manufacturing in a report on Monday, December 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $265.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $234.33.

Modine Manufacturing Profile

Modine Manufacturing Company NYSE: MOD is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.

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