LSV Asset Management Cuts Position in Modine Manufacturing (NYSE:MOD)

LSV Asset Management cut its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 215,900 shares of the auto parts company's stock after selling 536,200 shares during the period. LSV Asset Management owned 0.41% of Modine Manufacturing worth $12,889,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Legato Capital Management LLC increased its holdings in shares of Modine Manufacturing by 193.7% in the 4th quarter. Legato Capital Management LLC now owns 24,317 shares of the auto parts company's stock worth $1,452,000 after buying an additional 16,037 shares during the last quarter. Vanguard Group Inc. increased its stake 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 acquiring 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 third quarter. SG Capital Management LLC now owns 208,659 shares of the auto parts company's stock valued at $9,546,000 after purchasing an additional 195,265 shares in the last quarter. Reinhart Partners LLC. bought a new stake in Modine Manufacturing during the fourth quarter worth about $41,129,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Modine Manufacturing by 107.4% during 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 purchasing an additional 6,075 shares during the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Trading Down 0.2 %

Shares of MOD stock traded down $0.17 during mid-day trading on Wednesday, reaching $104.68. The stock had a trading volume of 546,824 shares, compared to its average volume of 955,366. The firm has a market capitalization of $5.47 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 0.72 and a beta of 2.28. The stock's 50-day moving average price is $92.41 and its two-hundred day moving average price is $70.79. The company has a current ratio of 1.93, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. Modine Manufacturing has a 52-week low of $19.53 and a 52-week high of $106.39.

Insider Buying and Selling

In other news, VP Brian Jon Agen sold 16,799 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 102,409 shares of the company's stock, valued at $9,794,396.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Brian Jon Agen sold 16,799 shares of Modine Manufacturing 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 sale, the vice president now owns 102,409 shares of the company's stock, valued at approximately $9,794,396.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the director now directly owns 97,517 shares of the company's stock, valued at $8,831,139.52. The disclosure for this sale can be found here. Insiders have sold 113,336 shares of company stock valued at $10,330,115 over the last ninety days. 2.86% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MOD. B. Riley reissued a "buy" rating and set a $98.00 price objective (up from $88.00) on shares of Modine Manufacturing in a report on Tuesday, February 27th. StockNews.com lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Wednesday, January 31st. DA Davidson reaffirmed a "buy" rating and set a $90.00 target price on shares of Modine Manufacturing in a report on Tuesday, February 27th. Finally, Oppenheimer initiated coverage on shares of Modine Manufacturing in a research report on Tuesday, March 19th. They set an "outperform" rating and a $105.00 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.