Modine Manufacturing (NYSE:MOD) Coverage Initiated by Analysts at UBS Group

Stock analysts at UBS Group initiated coverage on shares of Modine Manufacturing (NYSE:MOD) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm set a “buy” rating and a $173.00 price target on the auto parts company’s stock. UBS Group’s price target suggests a potential upside of 22.10% from the stock’s current price.

Several other research firms have also recently weighed in on MOD. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. KeyCorp upped their price target on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research report on Thursday, November 13th. Finally, DA Davidson reissued a “buy” rating and issued a $200.00 price target on shares of Modine Manufacturing in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Modine Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $182.00.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $141.68 on Thursday. Modine Manufacturing has a one year low of $64.79 and a one year high of $166.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The stock’s 50 day moving average is $149.65 and its 200 day moving average is $123.99. The firm has a market cap of $7.46 billion, a P/E ratio of 40.95, a P/E/G ratio of 0.98 and a beta of 2.07.

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

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, insider Eric S. Mcginnis sold 25,173 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the transaction, the insider owned 19,966 shares in the company, valued at approximately $2,812,410.76. This represents a 55.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the transaction, the director owned 82,056 shares in the company, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MOD. Vanguard Group Inc. grew its stake in shares of Modine Manufacturing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company’s stock valued at $398,145,000 after acquiring an additional 128,587 shares during the period. Wellington Management Group LLP boosted its position in shares of Modine Manufacturing by 293.7% in the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company’s stock worth $189,479,000 after purchasing an additional 1,841,640 shares during the period. Wasatch Advisors LP increased its stake in shares of Modine Manufacturing by 1.4% in the second quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after purchasing an additional 23,955 shares in the last quarter. State Street Corp raised its position in shares of Modine Manufacturing by 4.2% during the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after purchasing an additional 53,351 shares during the period. Finally, Capital Research Global Investors purchased a new position in shares of Modine Manufacturing during the 3rd quarter valued at $184,610,000. Institutional investors own 95.23% of the company’s stock.

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.