EMC Capital Management Has $651,000 Stock Holdings in Modine Manufacturing (NYSE:MOD)

EMC Capital Management raised its stake in shares of Modine Manufacturing (NYSE:MOD) by 591.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,618 shares of the auto parts company’s stock after purchasing an additional 4,805 shares during the quarter. Modine Manufacturing accounts for 0.4% of EMC Capital Management’s portfolio, making the stock its 22nd largest holding. EMC Capital Management’s holdings in Modine Manufacturing were worth $651,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MOD. Private Trust Co. NA boosted its stake in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after buying an additional 670 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Modine Manufacturing by 90.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 491 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of 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 worth $157,000 after purchasing an additional 82 shares during the last quarter. KBC Group NV increased its position in shares of Modine Manufacturing by 47.8% during the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 471 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Modine Manufacturing during the 3rd quarter valued at about $196,000. 95.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $102.27 on Thursday. Modine Manufacturing has a 12-month low of $60.00 and a 12-month high of $146.84. The stock has a 50-day simple moving average of $127.36 and a 200 day simple moving average of $121.17. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 1.10 and a beta of 2.34.

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