William Blair Investment Management LLC Increases Stake in Modine Manufacturing Company $MOD

Key Points

• William Blair Investment Management LLC increased its stake in Modine Manufacturing Company by 25.3% during the second quarter, owning approximately 239,800 shares valued at $23.62 million after the purchase.
• Modine Manufacturing reported an EPS of $1.06 for the last quarter, exceeding the consensus estimate of $0.93, with a revenue of $682.80 million compared to expectations of $653.80 million.
• Equities research analysts have mixed ratings for Modine Manufacturing, with Oppenheimer raising its price target to $180.00 and Zacks Research downgrading it from "strong-buy" to "hold".

William Blair Investment Management LLC increased its holdings in Modine Manufacturing Company (NYSE:MOD - Free Report) by 25.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,800 shares of the auto parts company's stock after purchasing an additional 48,492 shares during the period. William Blair Investment Management LLC owned approximately 0.46% of Modine Manufacturing worth $23,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock valued at $398,145,000 after purchasing an additional 128,587 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock valued at $189,479,000 after purchasing an additional 1,841,640 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Modine Manufacturing by 24.6% in the 2nd quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company's stock valued at $107,520,000 after purchasing an additional 215,727 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Modine Manufacturing by 384.3% in the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after purchasing an additional 672,960 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Modine Manufacturing by 27.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company's stock valued at $64,653,000 after buying an additional 180,539 shares during the period. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Trading Down 4.2%

NYSE:MOD opened at $153.65 on Monday. The company has a 50-day moving average price of $144.61 and a 200-day moving average price of $112.44. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $164.89. 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 stock has a market cap of $8.07 billion, a price-to-earnings ratio of 44.03, a P/E/G ratio of 0.98 and a beta of 2.06.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MOD shares. Oppenheimer increased their price target on shares of Modine Manufacturing from $145.00 to $180.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. Zacks Research cut shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. KeyCorp increased their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $180.00.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $134.77, for a total value of $3,471,809.97. Following the completion of the sale, the director directly owned 120,689 shares of the company's stock, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael B. Lucareli sold 40,422 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the sale, the executive vice president directly owned 41,920 shares of the company's stock, valued at approximately $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is owned by corporate insiders.

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.

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