Modine Manufacturing Company $MOD Stake Decreased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its position in Modine Manufacturing Company (NYSE:MOD) by 11.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 58,035 shares of the auto parts company’s stock after selling 7,235 shares during the period. Modine Manufacturing comprises 2.0% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 4th largest holding. Lisanti Capital Growth LLC’s holdings in Modine Manufacturing were worth $8,250,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in Modine Manufacturing by 17.6% in the third quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 75 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Modine Manufacturing by 0.8% in the second quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company’s stock worth $1,290,000 after buying an additional 100 shares during the period. BCS Private Wealth Management Inc. boosted its holdings in Modine Manufacturing by 2.8% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company’s stock valued at $643,000 after acquiring an additional 125 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Modine Manufacturing by 3.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 165 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Modine Manufacturing by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 14,752 shares of the auto parts company’s stock valued at $2,097,000 after acquiring an additional 176 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine and Gentherm announced a deal to combine Modine’s Performance Technologies unit with Gentherm in a reverse Morris Trust transaction (~$1.0B value) that creates a scaled thermal-management leader and accelerates Modine’s transformation to a higher-margin climate solutions business. This is the primary strategic catalyst lifting the stock. Gentherm and Modine Combine – GlobeNewswire
• Positive Sentiment: DA Davidson reaffirmed a Buy on MOD with a $200 price target, providing a near-term analyst endorsement and visible upside from current levels that likely supports additional buying interest. DA Davidson Buy Rating – American Banking News
• Positive Sentiment: Unusual options activity: traders purchased ~5,600 MOD calls (?254% above typical call volume), signaling bullish speculative interest that can amplify intraday moves. (No article link)
• Positive Sentiment: Market commentary and momentum pieces note a recent strong rally and upward estimate revisions, suggesting momentum traders and upgraded forecasts are contributing to the price run. Modine Soars 20.3% – Zacks
• Positive Sentiment: News outlets covered the share jump tied to the Gentherm merger details, increasing visibility among investors and likely driving higher volume. Modine Shares Jump on $1B Merger – MSN
• Neutral Sentiment: Analyst/deep-dive pieces are updating estimates and looking beyond revenue/EPS to metrics that will matter for the quarter; these are informative but not immediate price drivers. Exploring Analyst Estimates – Zacks
• Neutral Sentiment: Transcripts/slides from recent Modine investor/M&A calls provide detail on the spin-off and combination mechanics; useful for assessing deal execution and timing but incremental to headline-driven moves. M&A Call Transcript – Seeking Alpha

Modine Manufacturing Price Performance

NYSE MOD opened at $185.31 on Friday. The company has a market cap of $9.76 billion, a PE ratio of 53.56, a P/E/G ratio of 1.12 and a beta of 1.70. The firm’s 50 day moving average price is $144.10 and its 200-day moving average price is $141.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.00. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $190.22.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. The company had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.Modine Manufacturing’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Sell-side analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total value of $5,117,207.76. Following the completion of the transaction, the chief executive officer directly owned 238,312 shares in the company, valued at approximately $38,263,374.72. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $150.00, for a total transaction of $165,000.00. Following the sale, the director directly owned 80,956 shares of the company’s stock, valued at approximately $12,143,400. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.48% of the company’s stock.

Analyst Ratings Changes

MOD has been the subject of a number of recent analyst reports. Oppenheimer boosted their target price on shares of Modine Manufacturing from $185.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday. KeyCorp boosted their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. UBS Group assumed coverage on shares of Modine Manufacturing in a research report on Thursday, November 20th. They set a “buy” rating and a $173.00 target price on the stock. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Modine Manufacturing in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.00.

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.