119,400 Shares in Modine Manufacturing Company $MOD Purchased by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC bought a new stake in shares of Modine Manufacturing Company (NYSE:MOD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 119,400 shares of the auto parts company’s stock, valued at approximately $31,882,188,000. Modine Manufacturing accounts for 2.2% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 25th biggest position. Neumeier Poma Investment Counsel LLC owned 0.22% of Modine Manufacturing at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MOD. V Square Quantitative Management LLC purchased a new stake in Modine Manufacturing in the 1st quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Modine Manufacturing during the 4th quarter valued at $25,000. Sunbelt Securities Inc. purchased a new position in shares of Modine Manufacturing during the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new position in shares of Modine Manufacturing during the 2nd quarter valued at $40,000. Finally, Danske Bank A S acquired a new position in shares of Modine Manufacturing in the third quarter worth $43,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOD has been the subject of a number of research reports. Oppenheimer lifted their price objective on Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 28th. UBS Group lifted their target price on shares of Modine Manufacturing to $310.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, DA Davidson reissued a “buy” rating and issued a $330.00 target price on shares of Modine Manufacturing in a research report on Monday, June 22nd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $320.14.

Modine Manufacturing Trading Up 0.2%

Shares of MOD stock opened at $198.03 on Monday. Modine Manufacturing Company has a 12 month low of $111.18 and a 12 month high of $323.25. The company has a market cap of $10.52 billion, a PE ratio of 74.45, a price-to-earnings-growth ratio of 0.65 and a beta of 1.71. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $232.44 and its two-hundred day moving average is $236.31.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.26. The business had revenue of $874.10 million during the quarter, compared to analysts’ expectations of $878.69 million. Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. Modine Manufacturing’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 earnings per share. Equities analysts predict that Modine Manufacturing Company will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Eric D. Ashleman sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total transaction of $4,328,100.00. Following the completion of the transaction, the director owned 42,350 shares of the company’s stock, valued at $12,219,669. The trade was a 26.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Jon Agen sold 38,282 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the sale, the vice president owned 66,343 shares of the company’s stock, valued at $19,582,463.31. This trade represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 54,302 shares of company stock valued at $15,928,759 in the last quarter. Insiders own 1.92% of the company’s stock.

Modine Manufacturing Profile

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.