Fiera Capital Corp Purchases 4,123 Shares of Modine Manufacturing Company $MOD

Fiera Capital Corp lifted its position in shares of Modine Manufacturing Company (NYSE:MOD) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,250 shares of the auto parts company’s stock after purchasing an additional 4,123 shares during the quarter. Fiera Capital Corp owned 0.47% of Modine Manufacturing worth $24,354,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MOD. Northwestern Mutual Wealth Management Co. raised its holdings in Modine Manufacturing by 5.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company’s stock worth $154,000 after buying an additional 105 shares during the last quarter. IFP Advisors Inc increased its position in shares of Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 113 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of 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 worth $453,000 after acquiring an additional 165 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in shares of Modine Manufacturing by 6.2% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company’s stock worth $241,000 after acquiring an additional 182 shares during the last quarter. Finally, Ethic Inc. lifted its position in Modine Manufacturing by 5.8% in the 2nd quarter. Ethic Inc. now owns 3,396 shares of the auto parts company’s stock valued at $344,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 13.0%

MOD stock opened at $128.19 on Friday. The stock has a market cap of $6.75 billion, a P/E ratio of 37.05, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $150.26 and its two-hundred day simple moving average is $122.35. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $166.94.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. The company had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.99% and a net margin of 6.93%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Insider Activity

In other news, insider Eric S. Mcginnis sold 25,173 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 19,966 shares in the company, valued at $2,812,410.76. This trade represents a 55.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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. The trade was a 14.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MOD. Weiss Ratings reissued a “hold (c+)” rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. DA Davidson upped their price target on Modine Manufacturing from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Oppenheimer increased their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.00.

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.