Oppenheimer Asset Management Inc. Has $2.61 Million Position in Modine Manufacturing (NYSE:MOD)

Oppenheimer Asset Management Inc. grew its stake in shares of Modine Manufacturing (NYSE:MOD) by 65.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,530 shares of the auto parts company’s stock after purchasing an additional 8,945 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Modine Manufacturing were worth $2,612,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MOD. Raymond James & Associates raised its position in shares of Modine Manufacturing by 15.8% during the third quarter. Raymond James & Associates now owns 30,812 shares of the auto parts company’s stock valued at $4,092,000 after buying an additional 4,206 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Modine Manufacturing by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,601 shares of the auto parts company’s stock valued at $1,142,000 after buying an additional 479 shares during the last quarter. US Bancorp DE raised its position in shares of Modine Manufacturing by 10.9% during the third quarter. US Bancorp DE now owns 4,918 shares of the auto parts company’s stock valued at $653,000 after buying an additional 485 shares during the last quarter. New York State Common Retirement Fund increased its stake in Modine Manufacturing by 63.4% in the third quarter. New York State Common Retirement Fund now owns 225,716 shares of the auto parts company’s stock valued at $29,973,000 after acquiring an additional 87,553 shares during the period. Finally, Farther Finance Advisors LLC increased 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 acquiring an additional 491 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

NYSE MOD opened at $84.61 on Monday. The stock has a market cap of $4.45 billion, a P/E ratio of 28.39, a PEG ratio of 0.71 and a beta of 2.31. The company’s 50-day simple moving average is $109.18 and its 200 day simple moving average is $119.28. Modine Manufacturing has a twelve month low of $78.42 and a twelve month high of $146.84. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating 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%. As a group, research analysts forecast that Modine Manufacturing will post 3.88 earnings per share for the current fiscal 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.