WCM Investment Management LLC Sells 2,385 Shares of Modine Manufacturing (NYSE:MOD)

WCM Investment Management LLC lessened its holdings in Modine Manufacturing (NYSE:MOD) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,692 shares of the auto parts company’s stock after selling 2,385 shares during the quarter. WCM Investment Management LLC owned 0.10% of Modine Manufacturing worth $6,316,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Modine Manufacturing by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after buying an additional 82 shares during the last quarter. Legend Financial Advisors Inc. increased its position in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after acquiring an additional 279 shares during the last quarter. Inspire Investing LLC increased its position in shares of Modine Manufacturing by 10.4% in the fourth quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after acquiring an additional 325 shares during the last quarter. Bay Rivers Group raised its holdings in Modine Manufacturing by 6.3% during the third quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock worth $760,000 after acquiring an additional 340 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its position in Modine Manufacturing by 18.1% during the fourth quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock valued at $274,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 1.0 %

Modine Manufacturing stock opened at $98.65 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.09. The company’s 50-day moving average is $121.42 and its 200-day moving average is $120.44. The firm has a market capitalization of $5.19 billion, a PE ratio of 33.10, a P/E/G ratio of 0.75 and a beta of 2.31. Modine Manufacturing has a fifty-two week low of $69.00 and a fifty-two week high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Sell-side analysts anticipate that Modine Manufacturing will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

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

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.