West Oak Capital LLC Acquires 1,790 Shares of Modine Manufacturing (NYSE:MOD)

West Oak Capital LLC lifted its holdings in Modine Manufacturing (NYSE:MOD) by 298.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,390 shares of the auto parts company’s stock after buying an additional 1,790 shares during the quarter. West Oak Capital LLC’s holdings in Modine Manufacturing were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MOD. Xponance Inc. grew its position in shares of Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock valued at $328,000 after purchasing an additional 153 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Modine Manufacturing by 7.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock worth $314,000 after acquiring an additional 212 shares during the last quarter. Arizona State Retirement System boosted its position in Modine Manufacturing by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company’s stock worth $1,391,000 after acquiring an additional 246 shares during the last quarter. Legend Financial Advisors Inc. boosted its position in Modine Manufacturing by 2.9% during the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock worth $1,151,000 after acquiring an additional 279 shares during the last quarter. Finally, Bay Rivers Group boosted its position in Modine Manufacturing by 6.3% during the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock worth $760,000 after acquiring an additional 340 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

MOD has been the topic of a number of analyst reports. Oppenheimer upped their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson increased their price target on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Price Performance

Shares of MOD traded down $2.10 during trading hours on Friday, hitting $119.00. 638,703 shares of the company were exchanged, compared to its average volume of 675,567. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.01 and a beta of 2.34. Modine Manufacturing has a fifty-two week low of $60.00 and a fifty-two week 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’s fifty day moving average is $126.68 and its 200 day moving average is $118.88.

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