Rothschild Investment LLC Grows Holdings in Modine Manufacturing (NYSE:MOD)

Rothschild Investment LLC raised its position in Modine Manufacturing (NYSE:MOD) by 34.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,720 shares of the auto parts company’s stock after buying an additional 440 shares during the period. Rothschild Investment LLC’s holdings in Modine Manufacturing were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MOD. Creative Planning increased its stake in shares of Modine Manufacturing by 52.3% during the third quarter. Creative Planning now owns 14,764 shares of the auto parts company’s stock worth $1,961,000 after purchasing an additional 5,068 shares in the last quarter. Raymond James & Associates increased its stake in shares of Modine Manufacturing by 15.8% during the third quarter. Raymond James & Associates now owns 30,812 shares of the auto parts company’s stock worth $4,092,000 after purchasing an additional 4,206 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Modine Manufacturing during the third quarter worth about $268,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Modine Manufacturing by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,601 shares of the auto parts company’s stock worth $1,142,000 after purchasing an additional 479 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new position in Modine Manufacturing during the third quarter worth about $214,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

MOD opened at $86.14 on Wednesday. The firm has a market capitalization of $4.53 billion, a PE ratio of 28.91, a PEG ratio of 0.71 and a beta of 2.31. Modine Manufacturing has a twelve month low of $78.85 and a twelve month high of $146.84. The firm’s 50-day moving average price is $111.27 and its 200 day moving average price is $119.70. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. As a group, sell-side analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

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.