Modine Manufacturing (NYSE:MOD) Shares Gap Up – What’s Next?

Modine Manufacturing (NYSE:MOD)’s share price gapped up before the market opened on Friday . The stock had previously closed at $79.40, but opened at $81.79. Modine Manufacturing shares last traded at $80.98, with a volume of 313,177 shares.

Modine Manufacturing Stock Up 6.6 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $109.18 and a 200-day simple moving average of $119.18. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. On average, sell-side analysts forecast that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MOD. Nisa Investment Advisors LLC increased its stake in shares of Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after buying an additional 82 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Modine Manufacturing by 0.8% in the fourth quarter. Arizona State Retirement System now owns 14,451 shares of the auto parts company’s stock valued at $1,675,000 after buying an additional 118 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Modine Manufacturing by 8.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company’s stock valued at $208,000 after buying an additional 136 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Modine Manufacturing by 2.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,284 shares of the auto parts company’s stock valued at $613,000 after buying an additional 146 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Modine Manufacturing by 6.0% in the fourth quarter. Signaturefd LLC now owns 2,786 shares of the auto parts company’s stock valued at $323,000 after buying an additional 157 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Company 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.