Modine Manufacturing (NYSE:MOD) Stock Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in Modine Manufacturing (NYSE:MOD) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,975 shares of the auto parts company’s stock after buying an additional 22,259 shares during the period. New York State Common Retirement Fund owned 0.47% of Modine Manufacturing worth $28,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after buying an additional 82 shares during the last quarter. Truist Financial Corp increased its holdings in Modine Manufacturing by 0.5% in the fourth quarter. Truist Financial Corp now owns 34,267 shares of the auto parts company’s stock worth $3,973,000 after buying an additional 159 shares during the last quarter. Principal Securities Inc. increased its holdings in Modine Manufacturing by 97.8% in the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock worth $63,000 after buying an additional 269 shares during the last quarter. Legend Financial Advisors Inc. increased its holdings in 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 worth $1,151,000 after buying an additional 279 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Modine Manufacturing by 10.4% during the fourth quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Modine Manufacturing Trading Up 5.6 %

Shares of MOD stock opened at $93.92 on Friday. Modine Manufacturing has a 12 month low of $75.30 and a 12 month high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $114.73 and its two-hundred day moving average is $119.89. The company has a market cap of $4.94 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 0.70 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Equities analysts predict that Modine Manufacturing will post 3.89 EPS for the current year.

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.