Fox Run Management L.L.C. Decreases Stock Holdings in Modine Manufacturing Company $MOD

Fox Run Management L.L.C. reduced its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 23.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,488 shares of the auto parts company’s stock after selling 2,256 shares during the quarter. Fox Run Management L.L.C.’s holdings in Modine Manufacturing were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Maseco LLP acquired a new position in Modine Manufacturing during the second quarter worth $51,000. GAMMA Investing LLC boosted its position in shares of Modine Manufacturing by 52.6% during the 2nd quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 193 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 113 shares during the period. Roble Belko & Company Inc purchased a new stake in shares of Modine Manufacturing in the second quarter valued at about $82,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Modine Manufacturing during the first quarter worth about $92,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 4.8%

Shares of NYSE:MOD opened at $156.25 on Monday. The firm has a market capitalization of $8.23 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 0.98 and a beta of 2.07. 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. The firm’s 50-day moving average is $149.34 and its two-hundred day moving average is $121.07.

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

Insiders Place Their Bets

In related news, insider Eric S. Mcginnis sold 25,173 shares of the business’s 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 completion of the transaction, the insider directly owned 19,966 shares of the company’s stock, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the sale, the director directly owned 82,056 shares in the company, valued at $11,511,636.24. This represents a 14.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOD. KeyCorp raised their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Modine Manufacturing in a research report on Wednesday, October 8th. Oppenheimer increased their price target on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, DA Davidson upped their target price on shares of Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.00.

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.