Modine Manufacturing (NYSE:MOD) is Gamco Investors INC. ET AL's 6th Largest Position

Gamco Investors INC. ET AL reduced its position in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,204,314 shares of the auto parts company's stock after selling 73,971 shares during the quarter. Modine Manufacturing comprises about 1.5% of Gamco Investors INC. ET AL's portfolio, making the stock its 6th biggest position. Gamco Investors INC. ET AL owned 2.29% of Modine Manufacturing worth $139,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MOD. Portolan Capital Management LLC increased its stake in shares of Modine Manufacturing by 57.5% during the fourth quarter. Portolan Capital Management LLC now owns 328,899 shares of the auto parts company's stock valued at $38,129,000 after buying an additional 120,133 shares during the period. Barclays PLC grew its holdings 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 in the last quarter. Summit Investment Advisors Inc. increased 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 valued at $613,000 after purchasing an additional 146 shares during the period. Grandeur Peak Global Advisors LLC raised its holdings in shares of Modine Manufacturing by 39.4% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 42,819 shares of the auto parts company's stock valued at $4,964,000 after purchasing an additional 12,096 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Modine Manufacturing in the 4th quarter valued at about $19,719,000. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Up 0.6 %

MOD traded up $0.43 on Friday, hitting $75.86. The company had a trading volume of 787,510 shares, compared to its average volume of 938,450. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 0.71 and a beta of 2.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. The stock has a fifty day moving average price of $82.55 and a 200-day moving average price of $109.93. Modine Manufacturing has a 12-month low of $64.79 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Analysts predict that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Modine Manufacturing announced that its board has approved a share repurchase plan on Friday, March 7th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the auto parts company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Separately, DA Davidson reissued a "buy" rating and set a $155.00 price objective on shares of Modine Manufacturing in a report on Monday, March 17th.

Insiders Place Their Bets

In other Modine Manufacturing news, Director William A. Wulfsohn acquired 2,530 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $79.43 per share, with a total value of $200,957.90. Following the transaction, the director now directly owns 7,277 shares of the company's stock, valued at $578,012.11. This trade represents a 53.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company's stock.

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.