Calamos Advisors LLC Sells 32,533 Shares of Modine Manufacturing (NYSE:MOD)

Calamos Advisors LLC decreased its position in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,423 shares of the auto parts company's stock after selling 32,533 shares during the quarter. Calamos Advisors LLC owned approximately 0.16% of Modine Manufacturing worth $4,980,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Modine Manufacturing by 966.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,472 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 1,334 shares during the last quarter. Point72 Middle East FZE bought a new stake in shares of Modine Manufacturing during the 4th quarter valued at $31,000. Quantbot Technologies LP raised its position in shares of Modine Manufacturing by 123.5% during the 1st quarter. Quantbot Technologies LP now owns 3,800 shares of the auto parts company's stock valued at $34,000 after acquiring an additional 2,100 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Modine Manufacturing by 161.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,680 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Modine Manufacturing by 154.1% during the 2nd quarter. Harbour Investments Inc. now owns 1,245 shares of the auto parts company's stock valued at $41,000 after acquiring an additional 755 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Insiders Place Their Bets

In other Modine Manufacturing news, VP Brian Jon Agen sold 16,799 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the transaction, the vice president now owns 102,409 shares in the company, valued at approximately $9,794,396.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Brian Jon Agen sold 16,799 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the transaction, the vice president now directly owns 102,409 shares in the company, valued at approximately $9,794,396.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher William Patterson sold 14,225 shares of the stock in a transaction dated 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 owns 97,517 shares of the company's stock, valued at $8,831,139.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,336 shares of company stock worth $10,330,115. Corporate insiders own 2.86% of the company's stock.

Modine Manufacturing Stock Down 0.1 %

MOD stock traded down $0.07 during trading hours on Friday, reaching $83.69. 1,088,414 shares of the stock were exchanged, compared to its average volume of 833,340. The firm's 50-day moving average is $88.71 and its 200-day moving average is $66.52. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.64 and a beta of 2.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.21. Modine Manufacturing has a 12 month low of $19.41 and a 12 month high of $106.01.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its earnings results on Tuesday, January 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.17. The firm had revenue of $561.40 million during the quarter, compared to analysts' expectations of $594.84 million. Modine Manufacturing had a return on equity of 25.28% and a net margin of 9.31%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities research analysts expect that Modine Manufacturing will post 3.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

MOD has been the subject of a number of recent analyst reports. B. Riley restated a "buy" rating and issued a $98.00 price objective (up previously from $88.00) on shares of Modine Manufacturing in a research report on Tuesday, February 27th. Oppenheimer initiated coverage on shares of Modine Manufacturing in a research report on Tuesday, March 19th. They issued an "outperform" rating and a $105.00 price objective for the company. DA Davidson restated a "buy" rating and issued a $90.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, February 27th. Finally, StockNews.com cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.67.

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.