WT Asset Management Ltd Takes Position in Modine Manufacturing Company $MOD

Key Points

• WT Asset Management bought 518,727 shares of Modine (≈$69.3M) in Q4, representing about 0.99% ownership of the company and making MOD its 14th largest holding (2.8% of the fund).
• Modine beat expectations in its most recent quarter with $1.19 EPS vs. $0.99 expected and revenue of $805M (up 30.5% YoY); the stock trades near its 52‑week high ($251.89) with a market cap of $13.28B and a high PE of ~140.
• Institutional ownership is very concentrated (≈95.2% held by hedge funds/institutions), with major positions from Vanguard and recent large stakes (e.g., Capital Research), and analysts show a consensus of “Moderate Buy” with an average target of $234.33.

WT Asset Management Ltd acquired a new stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 518,727 shares of the auto parts company's stock, valued at approximately $69,255,000. Modine Manufacturing accounts for about 2.8% of WT Asset Management Ltd's portfolio, making the stock its 14th largest holding. WT Asset Management Ltd owned about 0.99% of Modine Manufacturing as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Modine Manufacturing by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company's stock valued at $722,297,000 after buying an additional 97,035 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Modine Manufacturing by 1.4% during the second quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company's stock worth $176,553,000 after acquiring an additional 23,955 shares during the last quarter. State Street Corp grew its stake in Modine Manufacturing by 4.2% during the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company's stock valued at $128,985,000 after acquiring an additional 53,351 shares in the last quarter. Capital Research Global Investors bought a new stake in Modine Manufacturing in the 3rd quarter valued at $184,610,000. Finally, JPMorgan Chase & Co. lifted its stake in Modine Manufacturing by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company's stock worth $166,540,000 after purchasing an additional 151,543 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Modine Manufacturing

In other news, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the transaction, the director owned 79,856 shares in the company, valued at approximately $14,699,093.92. This represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.48% of the stock is owned by company insiders.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $251.89 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. Modine Manufacturing Company has a 52-week low of $77.29 and a 52-week high of $260.01. The firm has a market cap of $13.28 billion, a PE ratio of 139.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.68. The company's 50 day moving average is $221.54 and its two-hundred day moving average is $177.01.

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

Analysts Set New Price Targets

MOD has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Modine Manufacturing in a report on Monday, December 29th. Glj Research initiated coverage on shares of Modine Manufacturing in a research note on Monday, March 30th. They issued a "buy" rating and a $290.00 price target on the stock. DA Davidson reiterated a "buy" rating and set a $265.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Roth Mkm began coverage on Modine Manufacturing in a report on Wednesday, February 18th. They issued a "buy" rating and a $263.00 target price for the company. Finally, Wall Street Zen lowered Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Six equities research 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 $234.33.

Modine Manufacturing Company 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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