Castleark Management LLC boosted its holdings in Modine Manufacturing Co. (NYSE:MOD) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,251 shares of the auto parts company’s stock after buying an additional 147,116 shares during the quarter. Castleark Management LLC’s holdings in Modine Manufacturing were worth $6,711,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Great West Life Assurance Co. Can raised its position in Modine Manufacturing by 142.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock worth $111,000 after buying an additional 3,399 shares during the last quarter. Advisor Group Inc. increased its position in shares of Modine Manufacturing by 599.5% during the 4th quarter. Advisor Group Inc. now owns 6,750 shares of the auto parts company’s stock valued at $136,000 after purchasing an additional 5,785 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $152,000. Trexquant Investment LP purchased a new stake in shares of Modine Manufacturing during the 3rd quarter valued at about $222,000. Finally, Investors Research Corp purchased a new stake in shares of Modine Manufacturing during the 4th quarter valued at about $345,000. 84.70% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Saturday, February 3rd. ValuEngine lowered shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 4th.
Shares of Modine Manufacturing stock opened at $23.05 on Monday. Modine Manufacturing Co. has a 52-week low of $10.10 and a 52-week high of $25.75. The company has a market cap of $1,163.13, a PE ratio of 96.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.85 and a current ratio of 1.24.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Modine Manufacturing had a net margin of 0.62% and a return on equity of 16.54%. The firm had revenue of $512.70 million during the quarter, compared to analyst estimates of $456.30 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. sell-side analysts expect that Modine Manufacturing Co. will post 1.5 earnings per share for the current fiscal year.
In related news, VP Scott L. Bowser sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $24.36, for a total transaction of $85,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas F. Marry sold 5,492 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 21,406 shares of company stock valued at $488,473 in the last ninety days. Insiders own 4.42% of the company’s stock.
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Modine Manufacturing Company Profile
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.
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