Royce & Associates LP Reduces Stock Position in Modine Manufacturing Company $MOD

Royce & Associates LP cut its stake in Modine Manufacturing Company (NYSE:MOD) by 33.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 193,147 shares of the auto parts company’s stock after selling 94,955 shares during the quarter. Royce & Associates LP’s holdings in Modine Manufacturing were worth $25,787,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MOD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Modine Manufacturing by 26.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock valued at $2,857,000 after purchasing an additional 7,831 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Modine Manufacturing by 8.3% in the second quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock valued at $6,767,000 after purchasing an additional 5,244 shares in the last quarter. State Street Corp grew its position in shares of Modine Manufacturing by 4.2% in the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after purchasing an additional 53,351 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Modine Manufacturing by 106.3% in the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock valued at $15,890,000 after purchasing an additional 83,105 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Modine Manufacturing by 70.8% in the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock valued at $30,501,000 after purchasing an additional 128,348 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Up 14.2%

NYSE:MOD opened at $297.39 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $241.71 and its two-hundred day moving average is $192.81. Modine Manufacturing Company has a 52 week low of $86.48 and a 52 week high of $323.25. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 165.22, a price-to-earnings-growth ratio of 1.06 and a beta of 1.66.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The company had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up 47.5% compared to the same quarter last year. Research analysts anticipate that Modine Manufacturing Company will post 4.82 EPS for the current year.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine secured a more than $4 billion long-term data center cooling agreement, boosting long-term revenue visibility and highlighting demand from AI infrastructure customers.
• Positive Sentiment: The company reported fiscal Q4 earnings of $1.71 per share, ahead of estimates, while revenue also exceeded Wall Street expectations. Modine (MOD) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management raised FY2027 revenue guidance to $3.1 billion-$3.9 billion, suggesting continued growth momentum and supporting the stock’s move higher.
• Neutral Sentiment: Analysts are still watching Modine’s quarterly metrics and valuation closely after the strong run-up, with some price targets below the current trading level.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MOD. B. Riley Financial upped their price objective on Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer upped their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Roth Mkm began coverage on Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price objective on the stock. Finally, Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and an average price target of $238.57.

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.