Captrust Financial Advisors Takes $274,000 Position in Modine Manufacturing (NYSE:MOD)

Captrust Financial Advisors bought a new position in shares of Modine Manufacturing (NYSE:MOD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,067 shares of the auto parts company’s stock, valued at approximately $274,000.

Other institutional investors also recently bought and sold shares of the company. Summit Partners Public Asset Management LLC bought a new position in shares of Modine Manufacturing during the 3rd quarter valued at about $31,961,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Modine Manufacturing by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 242,303 shares of the auto parts company’s stock worth $32,175,000 after buying an additional 1,135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Modine Manufacturing by 13.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,776 shares of the auto parts company’s stock valued at $1,564,000 after buying an additional 1,404 shares during the last quarter. Cynosure Group LLC purchased a new position in Modine Manufacturing during the 3rd quarter valued at approximately $395,000. Finally, Townsquare Capital LLC increased its stake in Modine Manufacturing by 31.5% in the 3rd quarter. Townsquare Capital LLC now owns 3,161 shares of the auto parts company’s stock worth $420,000 after acquiring an additional 758 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $132.07 on Friday. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 1.01 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The stock has a 50 day moving average price of $130.36 and a 200-day moving average price of $115.73. Modine Manufacturing has a one year low of $54.35 and a one year high of $146.84.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Oppenheimer increased their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. DA Davidson increased 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

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.