Legend Financial Advisors Inc. Acquires 279 Shares of Modine Manufacturing (NYSE:MOD)

Legend Financial Advisors Inc. lifted its holdings in shares of Modine Manufacturing (NYSE:MOD) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,929 shares of the auto parts company’s stock after acquiring an additional 279 shares during the quarter. Modine Manufacturing makes up 0.8% of Legend Financial Advisors Inc.’s portfolio, making the stock its 19th biggest position. Legend Financial Advisors Inc.’s holdings in Modine Manufacturing were worth $1,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. grew its holdings in Modine Manufacturing by 4.9% in the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after purchasing an additional 153 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Modine Manufacturing by 7.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock worth $314,000 after buying an additional 212 shares during the last quarter. Arizona State Retirement System raised its stake in Modine Manufacturing by 1.8% during the second quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company’s stock valued at $1,391,000 after buying an additional 246 shares during the last quarter. Bay Rivers Group grew its stake in shares of Modine Manufacturing by 6.3% in the third quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock worth $760,000 after acquiring an additional 340 shares during the last quarter. Finally, KBC Group NV increased its stake in Modine Manufacturing by 47.8% during the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after purchasing an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

NYSE:MOD traded down $1.10 during trading hours on Tuesday, reaching $121.68. The company had a trading volume of 655,836 shares, compared to its average volume of 615,250. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 1.01 and a beta of 2.34. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $126.77 and its 200-day moving average price is $118.65. Modine Manufacturing has a 52 week low of $58.78 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. Modine Manufacturing’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, analysts forecast that Modine Manufacturing will post 3.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MOD shares. Oppenheimer upped their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson lifted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.67.

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.