HRT Financial LP bought a new stake in Modine Manufacturing (NYSE:MOD – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,239 shares of the auto parts company’s stock, valued at approximately $719,000. HRT Financial LP owned 0.07% of Modine Manufacturing as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its stake in shares of Modine Manufacturing by 2.6% in the 4th quarter. Swiss National Bank now owns 113,000 shares of the auto parts company’s stock valued at $2,244,000 after purchasing an additional 2,900 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Modine Manufacturing during the fourth quarter valued at $219,000. Thoroughbred Financial Services LLC purchased a new position in Modine Manufacturing during the fourth quarter valued at $299,000. Frontier Capital Management Co. LLC raised its stake in Modine Manufacturing by 16.6% during the third quarter. Frontier Capital Management Co. LLC now owns 4,028,253 shares of the auto parts company’s stock valued at $52,126,000 after buying an additional 573,397 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in Modine Manufacturing by 63.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 26,189 shares of the auto parts company’s stock valued at $520,000 after buying an additional 10,193 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
Insider Buying and Selling at Modine Manufacturing
In other Modine Manufacturing news, VP Brian Jon Agen sold 3,248 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $22.37, for a total transaction of $72,657.76. Following the completion of the sale, the vice president now owns 110,329 shares of the company’s stock, valued at $2,468,059.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Modine Manufacturing Stock Up 12.2 %
Modine Manufacturing stock opened at $30.46 on Friday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.45 and a beta of 2.24. The stock has a fifty day simple moving average of $22.01 and a two-hundred day simple moving average of $22.12. Modine Manufacturing has a 12 month low of $9.94 and a 12 month high of $30.58. The company has a current ratio of 1.67, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.
Modine Manufacturing (NYSE:MOD – Get Rating) last issued its quarterly earnings data on Thursday, May 25th. The auto parts company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. Modine Manufacturing had a return on equity of 20.75% and a net margin of 6.66%. The company had revenue of $618.10 million during the quarter, compared to analyst estimates of $583.70 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Modine Manufacturing’s revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Modine Manufacturing will post 2.43 EPS for the current fiscal year.
Modine Manufacturing Company Profile
Modine Manufacturing Co engages in provision of thermal management solutions. It operates through the following segments: Heavy-Duty Equipment(HDE), Automotive, Commercial and Industrial Solutions (CIS), and Building HVAC Systems (BHVAC). The HDE segment provides powertrain and engine cooling products, including, but not limited to, radiators, charge air coolers, condensers, oil coolers, EGR coolers, fuel coolers, electronics cooling packages, and battery thermal management systems to OEMs in the commercial vehicle, off-highway, and automotive and light vehicle markets in North America, South America, Europe, and Asia.
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