Modine Manufacturing (NYSE:MOD) Shares Up 5.8%

Modine Manufacturing (NYSE:MOD - Get Free Report)'s share price traded up 5.8% during trading on Monday . The stock traded as high as $99.80 and last traded at $99.53. 125,989 shares were traded during mid-day trading, a decline of 87% from the average session volume of 948,551 shares. The stock had previously closed at $94.11.

Analysts Set New Price Targets

Several brokerages recently issued reports on MOD. Oppenheimer assumed coverage on Modine Manufacturing in a research note on Tuesday, March 19th. They set an "outperform" rating and a $105.00 target price on the stock. StockNews.com downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. B. Riley reaffirmed a "buy" rating and issued a $98.00 price target (up previously from $88.00) on shares of Modine Manufacturing in a report on Tuesday, February 27th. Finally, DA Davidson reissued a "buy" rating and set a $90.00 price objective on shares of Modine Manufacturing in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Modine Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $97.67.

Modine Manufacturing Trading Up 7.2 %

The stock has a fifty day moving average of $91.81 and a 200-day moving average of $70.10. The company has a market cap of $5.27 billion, a PE ratio of 23.80, a PEG ratio of 0.72 and a beta of 2.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.93.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, VP Brian Jon Agen sold 16,799 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $95.64, for a total value of $1,606,656.36. Following the completion of the sale, the vice president now directly owns 102,409 shares of the company's stock, valued at approximately $9,794,396.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Christopher William Patterson sold 14,225 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $90.56, for a total transaction of $1,288,216.00. Following the transaction, the director now directly owns 97,517 shares in the company, valued at approximately $8,831,139.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Brian Jon Agen sold 16,799 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $95.64, for a total value of $1,606,656.36. Following the transaction, the vice president now directly owns 102,409 shares in the company, valued at $9,794,396.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,336 shares of company stock worth $10,330,115. 2.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Modine Manufacturing

A number of large investors have recently modified their holdings of MOD. Legato Capital Management LLC lifted its position in Modine Manufacturing by 193.7% during the 4th quarter. Legato Capital Management LLC now owns 24,317 shares of the auto parts company's stock worth $1,452,000 after acquiring an additional 16,037 shares during the period. Vanguard Group Inc. boosted its position in Modine Manufacturing by 3.2% in the third quarter. Vanguard Group Inc. now owns 3,056,893 shares of the auto parts company's stock valued at $139,853,000 after buying an additional 95,255 shares during the last quarter. SG Capital Management LLC raised its position in Modine Manufacturing by 1,457.9% during the 3rd quarter. SG Capital Management LLC now owns 208,659 shares of the auto parts company's stock worth $9,546,000 after buying an additional 195,265 shares during the last quarter. Reinhart Partners LLC. acquired a new stake in Modine Manufacturing during the 4th quarter valued at approximately $41,129,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Modine Manufacturing by 107.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,732 shares of the auto parts company's stock worth $700,000 after acquiring an additional 6,075 shares during the period. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.