Vanguard Group Inc. Has $398.15 Million Stake in Modine Manufacturing Company $MOD

Key Points

• Vanguard Group Inc. increased its holdings in Modine Manufacturing Company to approximately $398.15 million, owning 5,187,554 shares after acquiring an additional 128,587 shares in Q1.
• Several institutional investors also raised their stakes in Modine, with notable increases by Bank of New York Mellon and Reinhart Partners, indicating significant interest from hedge funds.
• Modine reported $1.06 EPS for the latest quarter, exceeding the consensus estimate, with revenue increasing 3.2% year-over-year, further strengthening its market position.

Vanguard Group Inc. raised its stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,187,554 shares of the auto parts company's stock after buying an additional 128,587 shares during the period. Vanguard Group Inc. owned about 9.87% of Modine Manufacturing worth $398,145,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of Modine Manufacturing by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 50,834 shares of the auto parts company's stock valued at $5,893,000 after purchasing an additional 1,852 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Modine Manufacturing during the 4th quarter worth $19,719,000. Summit Investment Advisors Inc. lifted its position 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 worth $613,000 after acquiring an additional 146 shares during the last quarter. Barclays PLC lifted its position in Modine Manufacturing by 9.3% during the 4th quarter. Barclays PLC now owns 100,769 shares of the auto parts company's stock worth $11,682,000 after acquiring an additional 8,534 shares during the last quarter. Finally, PEAK6 LLC acquired a new position in Modine Manufacturing during the 4th quarter worth $618,000. Institutional investors and hedge funds own 95.23% of the company's stock.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the transaction, the vice president directly owned 90,015 shares in the company, valued at $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael B. Lucareli sold 80,661 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. This trade represents a 54.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 200,561 shares of company stock worth $25,462,844 over the last ninety days. Corporate insiders own 2.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp boosted their price objective on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Oppenheimer boosted their price objective 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. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Modine Manufacturing has a consensus rating of "Buy" and a consensus price target of $145.67.

Modine Manufacturing Price Performance

NYSE:MOD traded down $2.8580 on Tuesday, reaching $136.6120. The stock had a trading volume of 369,800 shares, compared to its average volume of 1,209,756. The company has a market capitalization of $7.17 billion, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 0.88 and a beta of 2.12. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $146.84. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $108.59 and a 200-day moving average price of $94.53.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.13. The firm had revenue of $682.80 million for the quarter, compared to analyst estimates of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.

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.