Kennedy Capital Management LLC Purchases 47,478 Shares of Modine Manufacturing Company $MOD

Kennedy Capital Management LLC lifted its position in Modine Manufacturing Company (NYSE:MOD) by 72.1% during the 4th quarter, Holdings Channel reports. The firm owned 113,360 shares of the auto parts company’s stock after buying an additional 47,478 shares during the quarter. Kennedy Capital Management LLC’s holdings in Modine Manufacturing were worth $15,135,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MOD. Spire Wealth Management bought a new stake in Modine Manufacturing during the 4th quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in Modine Manufacturing during the 3rd quarter worth about $39,000. Danske Bank A S bought a new stake in Modine Manufacturing during the 3rd quarter worth about $43,000. Root Financial Partners LLC grew its holdings in Modine Manufacturing by 140.5% during the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock worth $49,000 after acquiring an additional 215 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Modine Manufacturing by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 439 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $273.16 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. Modine Manufacturing Company has a 1 year low of $86.48 and a 1 year high of $323.25. The company has a market cap of $14.43 billion, a PE ratio of 121.95, a PEG ratio of 0.89 and a beta of 1.65. The company’s 50-day moving average is $260.23 and its two-hundred day moving average is $205.14.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The company had revenue of $954.40 million for the quarter, compared to the consensus estimate of $920.67 million. During the same period in the prior year, the company posted $1.12 EPS. The company’s revenue was up 47.5% compared to the same quarter last year. Equities analysts anticipate that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MOD has been the topic of a number of research analyst reports. Roth Mkm initiated coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They set a “buy” rating and a $263.00 price objective on the stock. Oppenheimer increased their price objective on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. B. Riley Financial increased their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. KeyCorp increased their price objective on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Finally, Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.14.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.