Elm3 Financial Group LLC Acquires New Shares in Modine Manufacturing (NYSE:MOD)

Elm3 Financial Group LLC acquired a new position in shares of Modine Manufacturing (NYSE:MOD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,876 shares of the auto parts company’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Modine Manufacturing by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 82 shares during the period. Legend Financial Advisors Inc. grew its stake in shares of Modine Manufacturing by 2.9% in the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock worth $1,151,000 after purchasing an additional 279 shares during the last quarter. Inspire Investing LLC increased its holdings in Modine Manufacturing by 10.4% in the fourth quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after purchasing an additional 325 shares during the period. Bay Rivers Group raised its position in Modine Manufacturing by 6.3% during the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock worth $760,000 after purchasing an additional 340 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in shares of Modine Manufacturing by 18.1% in the fourth quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock valued at $274,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of MOD opened at $106.18 on Thursday. The stock has a market cap of $5.57 billion, a P/E ratio of 34.81, a P/E/G ratio of 0.78 and a beta of 2.31. The business’s fifty day moving average is $123.43 and its 200 day moving average is $120.80. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12-month low of $67.77 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Sell-side analysts anticipate that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Modine Manufacturing Company Profile

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.