2,300 Shares in Modine Manufacturing (NYSE:MOD) Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI acquired a new position in Modine Manufacturing (NYSE:MOD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,300 shares of the auto parts company’s stock, valued at approximately $267,000.

Several other large investors also recently bought and sold shares of MOD. Wasatch Advisors LP bought a new stake in Modine Manufacturing in the 3rd quarter worth about $91,193,000. FMR LLC increased its holdings in Modine Manufacturing by 14.0% in the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock worth $586,657,000 after buying an additional 543,419 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $31,961,000. Fiera Capital Corp bought a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $21,195,000. Finally, New York State Common Retirement Fund grew its stake in shares of Modine Manufacturing by 63.4% during the 3rd quarter. New York State Common Retirement Fund now owns 225,716 shares of the auto parts company’s stock valued at $29,973,000 after purchasing an additional 87,553 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price target on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st.

Modine Manufacturing Trading Up 5.6 %

Modine Manufacturing stock opened at $93.92 on Friday. The business has a 50-day simple moving average of $114.73 and a two-hundred day simple moving average of $119.89. The company has a market cap of $4.94 billion, a P/E ratio of 31.52, a P/E/G ratio of 0.67 and a beta of 2.31. Modine Manufacturing has a 52-week low of $75.30 and a 52-week high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. Analysts predict that Modine Manufacturing will post 3.88 EPS for the current 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.