Modine Manufacturing Company $MOD Stock Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 42.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,416 shares of the auto parts company’s stock after selling 13,615 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Modine Manufacturing were worth $3,447,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Modine Manufacturing during the second quarter worth approximately $765,540,000. Paradigm Capital Management Inc. NY bought a new position in shares of Modine Manufacturing during the 2nd quarter worth approximately $388,140,000. Reinhart Partners LLC. raised its stake in Modine Manufacturing by 76.4% during the third quarter. Reinhart Partners LLC. now owns 980,220 shares of the auto parts company’s stock worth $183,497,000 after acquiring an additional 424,534 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of Modine Manufacturing during the second quarter valued at $123,873,000. Finally, Blue Whale Capital LLP acquired a new stake in shares of Modine Manufacturing during the 2nd quarter worth about $123,747,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Down 0.7%

Shares of Modine Manufacturing stock opened at $95.92 on Monday. The business’s 50 day simple moving average is $166.23 and its 200 day simple moving average is $214.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 2.17. Modine Manufacturing Company has a 52-week low of $87.84 and a 52-week high of $323.25. The firm has a market cap of $5.10 billion, a PE ratio of 40.13, a P/E/G ratio of 0.37 and a beta of 1.86.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). The firm had revenue of $994.40 million for the quarter, compared to analyst estimates of $978.31 million. Modine Manufacturing had a return on equity of 25.96% and a net margin of 3.58%. Modine Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, analysts predict that Modine Manufacturing Company will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MOD shares. Robert W. Baird initiated coverage on Modine Manufacturing in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 target price for the company. DA Davidson reissued a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Cantor Fitzgerald dropped their price objective on Modine Manufacturing from $275.00 to $178.00 and set an “overweight” rating for the company in a report on Thursday. Finally, B. Riley Financial cut their price objective on shares of Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $264.89.

Key Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Management raised its fiscal 2027 outlook, with reported expectations of 52.5% revenue growth and more than 50% adjusted EBITDA growth. The company cited accelerating data-center demand and plans to expand production capacity. Article: Modine Freefalls: AI Apocalypse Fears Meet Multi-Year Growth Tailwinds
• Positive Sentiment: Modine recorded a quarterly order intake of about $1 billion, highlighting potential for continued growth from AI-related data-center infrastructure demand. Article: Modine posts record $1B quarterly order intake on AI data center demand
• Neutral Sentiment: Analysts cut price targets—including UBS to $160 from $355—but retained positive ratings, including “buy.” The revisions reflect a more cautious valuation view even as analysts see substantial potential from current levels. Article: UBS Adjusts Modine Manufacturing Price Target
• Negative Sentiment: Fiscal second-quarter earnings missed analyst estimates; reports also cited weaker margins and faster cash burn. Negative free cash flow and rising net debt add to concerns about execution and the sustainability of AI-related spending. Article: Modine Q2 Earnings Miss: Is the Stock a Buy, Hold or Sell?

Modine Manufacturing Company Profile

Modine Manufacturing Company is a global provider of thermal management solutions, serving markets that need to control heating, cooling and temperature-related performance. Founded in 1916 by Arthur B. Modine, the company is headquartered in Racine, Wisconsin.

Through its Climate Solutions business, Modine supplies heating, ventilation and air conditioning equipment for commercial and industrial buildings, as well as cooling systems for data centers. Its offerings include chillers, heat exchangers and other equipment designed to manage indoor environments and remove heat from technology infrastructure.

Modine’s Performance Technologies business develops thermal management products for vehicles and other equipment.