3,717 Shares in Modine Manufacturing (NYSE:MOD) Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new stake in Modine Manufacturing (NYSE:MOD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,717 shares of the auto parts company’s stock, valued at approximately $494,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Modine Manufacturing during the first quarter worth about $37,000. Opal Wealth Advisors LLC acquired a new position in shares of Modine Manufacturing during the 2nd quarter worth approximately $51,000. West Oak Capital LLC grew its position in shares of Modine Manufacturing by 300.0% in the second quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of Modine Manufacturing in the second quarter valued at approximately $64,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Modine Manufacturing during the second quarter worth approximately $68,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 2.6 %

NYSE MOD opened at $123.27 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The stock has a market capitalization of $6.47 billion, a P/E ratio of 40.38, a PEG ratio of 0.98 and a beta of 2.25. The firm’s 50-day moving average is $125.01 and its two-hundred day moving average is $110.87. Modine Manufacturing has a 12 month low of $48.10 and a 12 month high of $141.72.

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

Analyst Upgrades and Downgrades

MOD has been the subject of several analyst reports. Oppenheimer upped their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. B. Riley raised their price objective on shares of Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. DA Davidson boosted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, William Blair started coverage on shares of Modine Manufacturing in a report on Monday, July 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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.