Navellier & Associates Inc. Has $1.26 Million Position in Modine Manufacturing (NYSE:MOD)

Navellier & Associates Inc. boosted its position in shares of Modine Manufacturing (NYSE:MOD) by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,824 shares of the auto parts company’s stock after purchasing an additional 4,006 shares during the quarter. Navellier & Associates Inc.’s holdings in Modine Manufacturing were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MOD. Principal Securities Inc. grew its holdings in Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 269 shares during the period. Private Trust Co. NA lifted its stake in Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after buying an additional 670 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after buying an additional 491 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after buying an additional 82 shares in the last quarter. Finally, KBC Group NV lifted its stake in Modine Manufacturing by 47.8% in the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of MOD opened at $86.29 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. Modine Manufacturing has a twelve month low of $78.58 and a twelve month high of $146.84. The firm’s 50 day moving average price is $113.12 and its two-hundred day moving average price is $119.63. The firm has a market cap of $4.54 billion, a P/E ratio of 28.96, a PEG ratio of 0.71 and a beta of 2.31.

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

Wall Street Analysts Forecast Growth

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

Modine Manufacturing 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.