Thomas F. Marry Sells 5,492 Shares of Modine Manufacturing Co. (MOD) Stock

Modine Manufacturing Co. (NYSE:MOD) COO Thomas F. Marry sold 5,492 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $20.98, for a total value of $115,222.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Modine Manufacturing Co. (NYSE MOD) traded up $0.05 during midday trading on Friday, hitting $21.80. The stock had a trading volume of 214,221 shares, compared to its average volume of 293,384. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a market capitalization of $1,100.00, a P/E ratio of 25.65 and a beta of 1.23. Modine Manufacturing Co. has a fifty-two week low of $10.10 and a fifty-two week high of $23.95.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14. The business had revenue of $508.30 million during the quarter, compared to the consensus estimate of $466.33 million. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. equities research analysts forecast that Modine Manufacturing Co. will post 1.43 earnings per share for the current year.

MOD has been the subject of several analyst reports. Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine downgraded Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its position in Modine Manufacturing by 142.7% in the third quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 3,399 shares during the period. SG Americas Securities LLC acquired a new stake in Modine Manufacturing in the third quarter worth approximately $152,000. BNP Paribas Arbitrage SA lifted its position in Modine Manufacturing by 118.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 5,067 shares during the period. Bank of America Corp DE lifted its position in Modine Manufacturing by 11.5% in the first quarter. Bank of America Corp DE now owns 9,799 shares of the auto parts company’s stock worth $120,000 after purchasing an additional 1,008 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Modine Manufacturing in the third quarter worth approximately $222,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

Insider Buying and Selling by Quarter for Modine Manufacturing (NYSE:MOD)

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