Modine Manufacturing (NYSE:MOD) Director Purchases $200,957.90 in Stock

Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn purchased 2,530 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the purchase, the director now owns 7,277 shares of the company’s stock, valued at approximately $578,012.11. This represents a 53.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Modine Manufacturing Price Performance

Shares of MOD opened at $79.26 on Thursday. Modine Manufacturing has a 1-year low of $72.49 and a 1-year high of $146.84. The stock has a market cap of $4.17 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The firm has a fifty day moving average price of $106.78 and a 200 day moving average price of $118.55.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, topping 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 anticipate that Modine Manufacturing will post 3.88 EPS for the current year.

Institutional Trading of Modine Manufacturing

Hedge funds have recently bought and sold shares of the company. Wasatch Advisors LP lifted its stake in Modine Manufacturing by 108.0% during the fourth quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company’s stock valued at $165,596,000 after purchasing an additional 741,667 shares during the last quarter. FMR LLC increased its stake in Modine Manufacturing by 14.0% in the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after buying an additional 543,419 shares during the period. J. Goldman & Co LP acquired a new position in shares of Modine Manufacturing during the 4th quarter worth $43,201,000. Norges Bank acquired a new position in shares of Modine Manufacturing during the 4th quarter worth $31,590,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Modine Manufacturing by 27.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,207,181 shares of the auto parts company’s stock worth $139,949,000 after purchasing an additional 262,936 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

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.