Nvwm LLC Has $1.02 Million Position in Modine Manufacturing (NYSE:MOD)

Nvwm LLC grew its stake in Modine Manufacturing (NYSE:MOD) by 12.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,772 shares of the auto parts company’s stock after buying an additional 962 shares during the period. Nvwm LLC’s holdings in Modine Manufacturing were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in shares of Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after buying an additional 670 shares during the period. Farther Finance Advisors LLC grew its holdings in Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 491 shares during the period. Nisa Investment Advisors LLC grew its holdings in Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 82 shares during the period. KBC Group NV lifted its stake in shares of Modine Manufacturing by 47.8% in the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 471 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Modine Manufacturing during the third quarter worth approximately $196,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Price Performance

Shares of NYSE:MOD opened at $98.40 on Wednesday. Modine Manufacturing has a twelve month low of $67.77 and a twelve month high of $146.84. The stock’s 50 day moving average is $123.43 and its 200-day moving average is $120.80. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 0.78 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Sell-side analysts forecast that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Modine Manufacturing 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.