Calamos Advisors LLC Invests $1.19 Million in Modine Manufacturing Company $MOD

Calamos Advisors LLC purchased a new stake in Modine Manufacturing Company (NYSE:MOD) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,040 shares of the auto parts company’s stock, valued at approximately $1,186,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in Modine Manufacturing by 2,025.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 405 shares during the period. Maseco LLP bought a new stake in shares of Modine Manufacturing during the second quarter worth approximately $51,000. GAMMA Investing LLC raised its stake in shares of Modine Manufacturing by 52.6% during the second quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock worth $55,000 after buying an additional 193 shares during the last quarter. Allworth Financial LP lifted its holdings in Modine Manufacturing by 522.4% in the second quarter. Allworth Financial LP now owns 722 shares of the auto parts company’s stock valued at $71,000 after buying an additional 606 shares during the period. Finally, Roble Belko & Company Inc bought a new position in Modine Manufacturing in the second quarter valued at approximately $82,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Suresh V. Garimella sold 14,204 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 82,056 shares in the company, valued at $11,511,636.24. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric S. Mcginnis sold 25,173 shares of the 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 sale, the insider directly owned 19,966 shares of the company’s stock, valued at $2,812,410.76. This represents a 55.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MOD. KeyCorp upped their target price on shares of 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 note on Saturday, August 2nd. DA Davidson increased their target price on Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research report on Thursday. Finally, Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.00.

Modine Manufacturing Stock Up 2.8%

NYSE:MOD opened at $132.30 on Friday. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $166.94. The stock has a 50-day moving average price of $150.20 and a two-hundred day moving average price of $122.71. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 0.98 and a beta of 2.07. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share 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 business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. During the same quarter in the previous year, the business posted $0.97 EPS. Modine Manufacturing’s revenue for the quarter was up 12.3% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

About Modine Manufacturing

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.