Synovus Financial Corp Sells 324 Shares of Modine Manufacturing (NYSE:MOD)

Synovus Financial Corp lowered its holdings in shares of Modine Manufacturing (NYSE:MOD) by 5.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,101 shares of the auto parts company’s stock after selling 324 shares during the period. Synovus Financial Corp’s holdings in Modine Manufacturing were worth $810,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MOD. West Oak Capital LLC raised its position in shares of Modine Manufacturing by 300.0% in the second quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock valued at $60,000 after purchasing an additional 450 shares during the period. Fifth Third Bancorp bought a new position in Modine Manufacturing in the 2nd quarter valued at about $64,000. DekaBank Deutsche Girozentrale acquired a new stake in Modine Manufacturing during the second quarter worth approximately $68,000. Private Trust Co. NA boosted its holdings in shares of Modine Manufacturing by 650.5% during the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 670 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in shares of Modine Manufacturing by 9.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Modine Manufacturing Trading Up 2.0 %

MOD opened at $134.66 on Tuesday. The company’s 50 day moving average price is $130.39 and its two-hundred day moving average price is $116.10. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.01 and a beta of 2.31. Modine Manufacturing has a fifty-two week low of $55.87 and a fifty-two week high of $146.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $646.86 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current 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.