Pathstone Holdings LLC Has $1.38 Million Stake in Modine Manufacturing (NYSE:MOD)

Pathstone Holdings LLC lifted its stake in Modine Manufacturing (NYSE:MOD) by 48.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,421 shares of the auto parts company’s stock after buying an additional 3,391 shares during the period. Pathstone Holdings LLC’s holdings in Modine Manufacturing were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MOD. Banque Cantonale Vaudoise grew its holdings in shares of Modine Manufacturing by 9.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 104 shares in the last quarter. Xponance Inc. grew its stake in Modine Manufacturing by 4.9% during the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after buying an additional 153 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock valued at $2,123,000 after buying an additional 155 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Modine Manufacturing by 2.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock valued at $701,000 after buying an additional 200 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Modine Manufacturing by 7.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MOD. DA Davidson boosted their price objective on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, B. Riley upped their price objective on Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Price Performance

Shares of NYSE:MOD opened at $133.37 on Friday. Modine Manufacturing has a one year low of $48.88 and a one year high of $146.84. 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 company has a market cap of $7.00 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.06 and a beta of 2.25. The firm has a 50 day simple moving average of $129.55 and a 200 day simple moving average of $113.15.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $646.86 million. During the same period in the prior year, the company earned $0.89 EPS. Modine Manufacturing’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

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.