Orion Portfolio Solutions LLC Boosts Holdings in Modine Manufacturing (NYSE:MOD)

Orion Portfolio Solutions LLC lifted its position in shares of Modine Manufacturing (NYSE:MOD) by 115.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,366 shares of the auto parts company’s stock after buying an additional 6,091 shares during the period. Orion Portfolio Solutions LLC’s holdings in Modine Manufacturing were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MOD. Banque Cantonale Vaudoise increased its stake in Modine Manufacturing by 9.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 104 shares during the last quarter. Xponance Inc. increased its position in shares of Modine Manufacturing by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after purchasing an additional 153 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock valued at $2,123,000 after buying an additional 155 shares during the period. Ameritas Advisory Services LLC lifted its position in Modine Manufacturing by 2.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock valued at $701,000 after buying an additional 200 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Modine Manufacturing by 7.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock worth $314,000 after buying an additional 212 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

MOD has been the subject of several research analyst reports. DA Davidson raised their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Oppenheimer lifted their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $146.67.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $132.08 on Friday. The firm has a 50 day moving average of $130.36 and a two-hundred day moving average of $115.63. The stock has a market capitalization of $6.93 billion, a PE ratio of 43.31, a P/E/G ratio of 1.01 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 52 week low of $54.35 and a 52 week high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. During the same period last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts predict that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Modine Manufacturing Company Profile

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.