Y Intercept Hong Kong Ltd Lowers Stock Holdings in Modine Manufacturing Company $MOD

Y Intercept Hong Kong Ltd reduced its holdings in Modine Manufacturing Company (NYSE:MOD) by 79.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,437 shares of the auto parts company’s stock after selling 13,397 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Modine Manufacturing were worth $339,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Modine Manufacturing by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 142 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Modine Manufacturing by 384.3% during the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company’s stock valued at $65,089,000 after purchasing an additional 672,960 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Modine Manufacturing by 28.8% in the first quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company’s stock valued at $5,027,000 after purchasing an additional 14,664 shares during the period. Moody National Bank Trust Division increased its stake in shares of Modine Manufacturing by 19.5% during the second quarter. Moody National Bank Trust Division now owns 11,530 shares of the auto parts company’s stock worth $1,136,000 after purchasing an additional 1,885 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Modine Manufacturing by 37.0% during the first quarter. Assetmark Inc. now owns 12,317 shares of the auto parts company’s stock worth $945,000 after purchasing an additional 3,327 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Eric S. Mcginnis sold 25,173 shares of Modine Manufacturing stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the transaction, the insider owned 19,966 shares in the company, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marsha C. Williams sold 25,761 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the transaction, the director directly owned 120,689 shares in the company, valued at approximately $16,265,256.53. The trade was a 17.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,138 shares of company stock valued at $9,010,358 in the last three months. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Trading Up 4.8%

MOD opened at $156.25 on Friday. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 0.98 and a beta of 2.07. The company’s 50 day simple moving average is $149.34 and its two-hundred day simple moving average is $120.43. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $166.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. DA Davidson increased their target price on Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 30th. KeyCorp raised their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.00.

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.