D.A. Davidson & CO. Boosts Stock Position in Modine Manufacturing (NYSE:MOD)

D.A. Davidson & CO. increased its stake in shares of Modine Manufacturing (NYSE:MOD) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,566 shares of the auto parts company’s stock after purchasing an additional 352 shares during the quarter. D.A. Davidson & CO.’s holdings in Modine Manufacturing were worth $7,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares in the last quarter. Entropy Technologies LP acquired a new stake in Modine Manufacturing in the 4th quarter worth about $452,000. Legend Financial Advisors Inc. boosted its stake in Modine Manufacturing by 2.9% in the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock worth $1,151,000 after buying an additional 279 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Modine Manufacturing by 58.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock worth $9,274,000 after buying an additional 25,648 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its stake in Modine Manufacturing by 38.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company’s stock worth $2,811,000 after buying an additional 6,786 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Modine Manufacturing Stock Down 3.9 %

Shares of NYSE:MOD opened at $88.80 on Thursday. The stock’s 50-day moving average price is $115.58 and its two-hundred day moving average price is $120.10. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a 12-month low of $75.23 and a 12-month high of $146.84. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 0.70 and a beta of 2.31.

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

About Modine Manufacturing

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.