LMG Wealth Partners LLC Has $1.49 Million Stock Holdings in Modine Manufacturing (NYSE:MOD)

LMG Wealth Partners LLC increased its holdings in shares of Modine Manufacturing (NYSE:MOD) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,819 shares of the auto parts company’s stock after acquiring an additional 967 shares during the period. LMG Wealth Partners LLC’s holdings in Modine Manufacturing were worth $1,486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares during the period. Entropy Technologies LP bought a new position in shares of Modine Manufacturing during the 4th quarter worth approximately $452,000. Legend Financial Advisors Inc. boosted its stake in Modine Manufacturing by 2.9% in the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after buying an additional 279 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Modine Manufacturing by 58.0% in the third quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock valued at $9,274,000 after acquiring an additional 25,648 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its stake in Modine Manufacturing by 38.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company’s stock worth $2,811,000 after acquiring an additional 6,786 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 3.9 %

Shares of MOD opened at $88.80 on Thursday. The company has a market capitalization of $4.67 billion, a P/E ratio of 29.80, a PEG ratio of 0.70 and a beta of 2.31. Modine Manufacturing has a one year low of $75.23 and a one year high of $146.84. The business’s 50 day simple moving average is $115.58 and its 200-day simple moving average is $120.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, sell-side analysts predict that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.