Comerica Bank Boosts Position in Modine Manufacturing (MOD)

Comerica Bank increased its position in Modine Manufacturing (NYSE:MOD) by 13.3% in the first quarter, HoldingsChannel reports. The firm owned 153,970 shares of the auto parts company’s stock after purchasing an additional 18,076 shares during the quarter. Comerica Bank’s holdings in Modine Manufacturing were worth $3,133,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Modine Manufacturing by 14.6% in the fourth quarter. BlackRock Inc. now owns 3,764,008 shares of the auto parts company’s stock worth $76,032,000 after acquiring an additional 479,011 shares during the last quarter. Millennium Management LLC lifted its holdings in Modine Manufacturing by 81.4% in the fourth quarter. Millennium Management LLC now owns 1,067,335 shares of the auto parts company’s stock worth $21,560,000 after acquiring an additional 478,987 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in Modine Manufacturing by 1.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 947,389 shares of the auto parts company’s stock worth $19,137,000 after acquiring an additional 17,249 shares during the last quarter. Keeley Teton Advisors LLC lifted its holdings in Modine Manufacturing by 70.9% in the fourth quarter. Keeley Teton Advisors LLC now owns 458,581 shares of the auto parts company’s stock worth $9,263,000 after acquiring an additional 190,301 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in Modine Manufacturing by 42.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 388,768 shares of the auto parts company’s stock worth $7,854,000 after acquiring an additional 115,608 shares during the last quarter. Institutional investors and hedge funds own 85.40% of the company’s stock.

A number of equities analysts have issued reports on MOD shares. Zacks Investment Research cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, April 13th.

Shares of NYSE MOD opened at $18.45 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.85 and a debt-to-equity ratio of 0.84. Modine Manufacturing has a 52-week low of $12.30 and a 52-week high of $25.75. The stock has a market capitalization of $931.01 million, a price-to-earnings ratio of 12.72 and a beta of 1.36.

In other news, Director Marsha C. Williams sold 15,000 shares of Modine Manufacturing stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $20.91, for a total transaction of $313,650.00. Following the sale, the director now owns 84,541 shares of the company’s stock, valued at $1,767,752.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew J. Mcburney sold 2,379 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.05, for a total value of $59,593.95. The disclosure for this sale can be found here. Company insiders own 4.42% of the company’s stock.

Modine Manufacturing Profile

Modine Manufacturing Company develops, manufactures, and markets engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. The company operates through Americas, Europe, Asia, and Building HVAC segments. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products.

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Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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