Modine Manufacturing (NYSE:MOD) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in shares of Modine Manufacturing (NYSE:MOD) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,007 shares of the auto parts company’s stock after selling 364 shares during the quarter. DGS Capital Management LLC’s holdings in Modine Manufacturing were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SummerHaven Investment Management LLC raised its position in shares of Modine Manufacturing by 0.9% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,895 shares of the auto parts company’s stock worth $1,247,000 after purchasing an additional 192 shares during the period. Nisa Investment Advisors LLC increased its position in Modine Manufacturing by 51.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,172 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 400 shares during the period. Franklin Resources Inc. increased its position in Modine Manufacturing by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 41,841 shares of the auto parts company’s stock valued at $2,498,000 after acquiring an additional 456 shares during the period. Principal Securities Inc. acquired a new stake in Modine Manufacturing in the 4th quarter valued at approximately $29,000. Finally, Jennison Associates LLC increased its position in Modine Manufacturing by 3.3% in the 4th quarter. Jennison Associates LLC now owns 15,233 shares of the auto parts company’s stock valued at $909,000 after acquiring an additional 493 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Up 1.7 %

MOD opened at $98.00 on Friday. Modine Manufacturing has a one year low of $31.38 and a one year high of $109.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.98 and a current ratio of 1.64. The stock’s fifty day moving average is $96.91 and its 200-day moving average is $83.43. The company has a market capitalization of $5.13 billion, a PE ratio of 32.34, a P/E/G ratio of 0.77 and a beta of 2.26.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, May 21st. The auto parts company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). Modine Manufacturing had a return on equity of 24.69% and a net margin of 6.71%. The firm had revenue of $603.50 million during the quarter, compared to the consensus estimate of $605.44 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts predict that Modine Manufacturing will post 3.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MOD. B. Riley restated a “buy” rating and issued a $125.00 target price on shares of Modine Manufacturing in a research report on Thursday. Oppenheimer raised their target price on Modine Manufacturing from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, DA Davidson raised their target price on Modine Manufacturing from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 24th.

Modine Manufacturing Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.