Vanguard Personalized Indexing Management LLC Buys 212 Shares of Modine Manufacturing (NYSE:MOD)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Modine Manufacturing (NYSE:MOD) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,132 shares of the auto parts company’s stock after purchasing an additional 212 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Modine Manufacturing were worth $314,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Modine Manufacturing by 27.3% during the 1st quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company’s stock valued at $372,099,000 after acquiring an additional 838,460 shares during the period. Capital International Investors boosted its holdings in Modine Manufacturing by 40.6% during the 1st quarter. Capital International Investors now owns 1,425,845 shares of the auto parts company’s stock valued at $135,726,000 after acquiring an additional 411,946 shares during the period. Hennessy Advisors Inc. boosted its holdings in Modine Manufacturing by 20.4% during the 1st quarter. Hennessy Advisors Inc. now owns 714,400 shares of the auto parts company’s stock valued at $68,004,000 after acquiring an additional 121,200 shares during the period. Emerald Advisers LLC purchased a new position in Modine Manufacturing during the 2nd quarter valued at $26,064,000. Finally, UBS Group AG boosted its holdings in Modine Manufacturing by 19.8% during the 4th quarter. UBS Group AG now owns 247,047 shares of the auto parts company’s stock valued at $14,749,000 after acquiring an additional 40,883 shares during the period. Institutional investors own 95.23% of the company’s stock.

Insider Transactions at Modine Manufacturing

In related news, Director Marsha C. Williams sold 34,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the transaction, the director now directly owns 144,038 shares of the company’s stock, valued at approximately $15,806,730.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

MOD has been the subject of several research reports. William Blair initiated coverage on Modine Manufacturing in a report on Monday, July 29th. They issued an “outperform” rating for the company. B. Riley upped their target price on Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DA Davidson upped their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $135.00 target price on shares of Modine Manufacturing in a report on Thursday, September 12th. One equities 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, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Modine Manufacturing Trading Up 0.8 %

MOD opened at $131.72 on Friday. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 0.97 and a beta of 2.22. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 12 month low of $38.50 and a 12 month high of $138.99. The stock has a fifty day moving average price of $111.13 and a 200-day moving average price of $102.27.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. The firm had revenue of $661.50 million during the quarter, compared to analyst estimates of $633.55 million. Modine Manufacturing had a return on equity of 24.92% and a net margin of 6.70%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities research analysts anticipate that Modine Manufacturing will post 3.85 earnings per share for the current fiscal year.

Modine Manufacturing 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.