Pathstone Holdings LLC Has $1.38 Million Holdings in Modine Manufacturing (NYSE:MOD)

Pathstone Holdings LLC boosted its stake in Modine Manufacturing (NYSE:MOD) by 48.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,421 shares of the auto parts company’s stock after purchasing an additional 3,391 shares during the period. Pathstone Holdings LLC’s holdings in Modine Manufacturing were worth $1,384,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Modine Manufacturing in the 2nd quarter valued at about $51,000. West Oak Capital LLC increased its position in Modine Manufacturing by 300.0% during the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 450 shares during the period. Fifth Third Bancorp bought a new position in Modine Manufacturing during the 2nd quarter worth approximately $64,000. DekaBank Deutsche Girozentrale bought a new position in Modine Manufacturing during the 2nd quarter worth approximately $68,000. Finally, Farther Finance Advisors LLC lifted its position 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 worth $137,000 after purchasing an additional 491 shares during the period. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Down 3.9 %

Shares of NYSE MOD opened at $133.37 on Friday. Modine Manufacturing has a 12-month low of $48.88 and a 12-month high of $146.84. 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 firm has a market cap of $7.00 billion, a PE ratio of 43.73, a P/E/G ratio of 1.06 and a beta of 2.25. The company’s fifty day simple moving average is $129.55 and its 200 day simple moving average is $113.15.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. During the same period last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DA Davidson lifted their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer lifted their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, B. Riley upped their target price on Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.67.

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.