Loomis Sayles & Co. L P Has $21.19 Million Stock Position in Modine Manufacturing Company $MOD

Loomis Sayles & Co. L P reduced its position in Modine Manufacturing Company (NYSE:MOD) by 30.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 215,090 shares of the auto parts company’s stock after selling 95,787 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Modine Manufacturing were worth $21,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Modine Manufacturing by 4,167.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 9,687 shares of the auto parts company’s stock valued at $954,000 after buying an additional 9,460 shares during the last quarter. F m Investments LLC raised its position in Modine Manufacturing by 12.7% during the second quarter. F m Investments LLC now owns 57,972 shares of the auto parts company’s stock valued at $5,710,000 after acquiring an additional 6,510 shares in the last quarter. Norges Bank acquired a new stake in Modine Manufacturing in the second quarter valued at approximately $41,081,000. Hsbc Holdings PLC bought a new stake in Modine Manufacturing in the second quarter worth approximately $769,000. Finally, Capital Fund Management S.A. increased its stake in shares of Modine Manufacturing by 325.5% during the 2nd quarter. Capital Fund Management S.A. now owns 63,827 shares of the auto parts company’s stock worth $6,287,000 after purchasing an additional 48,826 shares during the last quarter. 95.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MOD shares. Oppenheimer lifted their price objective on shares of Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a report on Tuesday. DA Davidson reiterated a “buy” rating and set a $200.00 price target on shares of Modine Manufacturing in a research note on Wednesday, November 19th. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, UBS Group started coverage on Modine Manufacturing in a report on Thursday, November 20th. They issued a “buy” rating and a $173.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Modine Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Modine Manufacturing Trading Up 2.7%

Shares of NYSE:MOD opened at $163.32 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The stock’s 50-day moving average is $149.68 and its 200-day moving average is $126.81. The company has a market cap of $8.60 billion, a P/E ratio of 47.20, a P/E/G ratio of 0.98 and a beta of 2.07. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $166.94.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.09. The firm had revenue of $738.90 million during the quarter, compared to the consensus estimate of $699.91 million. Modine Manufacturing had a return on equity of 23.99% and a net margin of 6.93%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

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.