Modine Manufacturing Company $MOD Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC boosted its position in shares of Modine Manufacturing Company (NYSE:MOD) by 1,594.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 242,342 shares of the auto parts company’s stock after purchasing an additional 228,044 shares during the quarter. Voya Investment Management LLC owned approximately 0.46% of Modine Manufacturing worth $34,451,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MOD. Situational Awareness LP raised its stake in shares of Modine Manufacturing by 980.1% during the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company’s stock worth $55,016,000 after buying an additional 650,457 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Modine Manufacturing by 244.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 743,643 shares of the auto parts company’s stock valued at $73,249,000 after acquiring an additional 527,626 shares in the last quarter. Norges Bank purchased a new position in Modine Manufacturing during the 2nd quarter valued at about $41,081,000. Hood River Capital Management LLC raised its position in Modine Manufacturing by 222.8% during the second quarter. Hood River Capital Management LLC now owns 564,466 shares of the auto parts company’s stock worth $55,600,000 after acquiring an additional 389,574 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Modine Manufacturing in the second quarter valued at about $28,322,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of Modine Manufacturing stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the sale, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. The trade was a 11.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 15th. DA Davidson reissued a “buy” rating and set a $200.00 price target on shares of Modine Manufacturing in a research report on Wednesday, November 19th. Oppenheimer upped their price objective on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Finally, KeyCorp increased their price objective on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Modine Manufacturing Trading Up 1.4%

Shares of MOD opened at $135.86 on Friday. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $166.94. The company has a market capitalization of $7.15 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.69. The stock has a fifty day moving average of $150.89 and a two-hundred day moving average of $132.56. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.00.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.