Public Employees Retirement System of Ohio continued to hold its stake in Modine Manufacturing Company (NYSE:MOD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,500 shares of the auto parts company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned 0.27% of Modine Manufacturing worth $1,653,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of MOD. Bank of America Corp DE increased its stake in Modine Manufacturing by 11.5% in the first quarter. Bank of America Corp DE now owns 9,799 shares of the auto parts company’s stock worth $120,000 after buying an additional 1,008 shares during the last quarter. BB&T Securities LLC bought a new stake in Modine Manufacturing during the first quarter worth about $159,000. Karp Capital Management Corp bought a new stake in Modine Manufacturing during the first quarter worth about $164,000. Citadel Advisors LLC bought a new stake in Modine Manufacturing during the first quarter worth about $176,000. Finally, Virginia Retirement Systems ET AL bought a new stake in Modine Manufacturing during the first quarter worth about $181,000. Institutional investors own 82.79% of the company’s stock.
Modine Manufacturing Company (MOD) opened at 15.60 on Friday. The firm has a market capitalization of $781.90 million, a P/E ratio of 33.91 and a beta of 1.20. The company’s 50 day moving average price is $16.54 and its 200 day moving average price is $13.66. Modine Manufacturing Company has a 12 month low of $9.25 and a 12 month high of $17.85.
Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.09. The firm had revenue of $515.50 million during the quarter, compared to analysts’ expectations of $482.70 million. Modine Manufacturing had a net margin of 1.35% and a return on equity of 11.16%. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Analysts anticipate that Modine Manufacturing Company will post $1.41 EPS for the current year.
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A number of research firms have recently issued reports on MOD. TheStreet upgraded shares of Modine Manufacturing from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.00.
In related news, VP Scott D. Wollenberg sold 5,736 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $15.95, for a total transaction of $91,489.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.42% of the company’s stock.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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