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

Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Modine Manufacturing Company (NYSE:MOD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 119,400 shares of the auto parts company’s stock, valued at approximately $31,882,188. Modine Manufacturing makes up 0.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 25th biggest holding. Neumeier Poma Investment Counsel LLC owned 0.22% of Modine Manufacturing at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Optiver Holding B.V. increased its position in Modine Manufacturing by 19.7% during the 1st quarter. Optiver Holding B.V. now owns 237 shares of the auto parts company’s stock valued at $51,000 after buying an additional 39 shares in the last quarter. World Investment Advisors raised its holdings in Modine Manufacturing by 4.1% during the first quarter. World Investment Advisors now owns 1,643 shares of the auto parts company’s stock worth $356,000 after purchasing an additional 65 shares in the last quarter. Xponance LLC raised its holdings in shares of Modine Manufacturing by 1.7% in the fourth quarter. Xponance LLC now owns 4,424 shares of the auto parts company’s stock worth $591,000 after acquiring an additional 75 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Modine Manufacturing by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the auto parts company’s stock valued at $386,000 after acquiring an additional 103 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Modine Manufacturing by 18.3% in the 4th quarter. NewEdge Advisors LLC now owns 680 shares of the auto parts company’s stock worth $91,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 4.9%

Modine Manufacturing stock traded down $9.16 during trading on Friday, hitting $177.15. The company’s stock had a trading volume of 831,974 shares, compared to its average volume of 1,393,427. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 66.60, a P/E/G ratio of 0.61 and a beta of 1.71. The stock’s fifty day moving average is $224.41 and its 200 day moving average is $235.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. Modine Manufacturing Company has a 1-year low of $111.18 and a 1-year high of $323.25.

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

Insider Buying and Selling

In related news, VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing 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 completion of the transaction, the vice president directly owned 66,343 shares of the company’s stock, valued at $19,582,463.31. This trade represents a 36.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric S. Mcginnis sold 1,020 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $295.06, for a total value of $300,961.20. Following the transaction, the insider owned 28,364 shares of the company’s stock, valued at $8,369,081.84. This represents a 3.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 54,302 shares of company stock worth $15,928,759 in the last three months. 1.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on MOD. KeyCorp dropped their target price on shares of Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. B. Riley Financial reissued a “buy” rating and set a $305.00 target price (down from $340.00) on shares of Modine Manufacturing in a research report on Thursday, July 30th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group upped their price target on Modine Manufacturing to $310.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Glj Research reissued a “buy” rating and set a $428.00 price target on shares of Modine Manufacturing in a report on Monday, June 1st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.14.

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.