Modine Manufacturing (NYSE:MOD) Stock Holdings Lifted by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. raised its position in shares of Modine Manufacturing (NYSE:MOD) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,249 shares of the auto parts company’s stock after purchasing an additional 6,786 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Modine Manufacturing were worth $2,811,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MOD. FMR LLC boosted its holdings in Modine Manufacturing by 14.0% during the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after acquiring an additional 543,419 shares during the period. State Street Corp lifted its holdings in shares of Modine Manufacturing by 1.5% during the third quarter. State Street Corp now owns 1,219,916 shares of the auto parts company’s stock worth $161,993,000 after buying an additional 18,108 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Modine Manufacturing by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company’s stock worth $155,522,000 after acquiring an additional 9,648 shares during the last quarter. Principal Financial Group Inc. increased its position in Modine Manufacturing by 2.4% during the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock worth $153,072,000 after acquiring an additional 26,527 shares during the period. Finally, Driehaus Capital Management LLC raised its stake in Modine Manufacturing by 32.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock valued at $110,403,000 after purchasing an additional 272,174 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded up $4.84 during midday trading on Wednesday, reaching $129.55. The company’s stock had a trading volume of 84,976 shares, compared to its average volume of 633,522. The business’s fifty day simple moving average is $127.24 and its 200-day simple moving average is $119.68. The company has a market capitalization of $6.80 billion, a P/E ratio of 42.48, a P/E/G ratio of 1.01 and a beta of 2.34. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. Modine Manufacturing has a fifty-two week low of $60.00 and a fifty-two week high of $146.84.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on MOD shares. DA Davidson upped their price target on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $146.67.

About Modine Manufacturing

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.