LRI Investments LLC Acquires 738 Shares of Modine Manufacturing Company (NYSE:MOD)

LRI Investments LLC increased its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 84.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,612 shares of the auto parts company’s stock after acquiring an additional 738 shares during the period. LRI Investments LLC’s holdings in Modine Manufacturing were worth $124,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MOD. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Modine Manufacturing by 8.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company’s stock worth $208,000 after buying an additional 136 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after buying an additional 142 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Modine Manufacturing by 2.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,284 shares of the auto parts company’s stock worth $613,000 after buying an additional 146 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Modine Manufacturing by 6.0% in the fourth quarter. Signaturefd LLC now owns 2,786 shares of the auto parts company’s stock worth $323,000 after buying an additional 157 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Modine Manufacturing by 567.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of NYSE MOD opened at $91.92 on Tuesday. The firm has a fifty day moving average price of $96.36 and a 200-day moving average price of $94.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.78 and a quick ratio of 1.15. The stock has a market cap of $4.82 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 0.60 and a beta of 2.04. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, May 20th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. Modine Manufacturing had a net margin of 7.12% and a return on equity of 25.31%. The firm had revenue of $647.20 million during the quarter, compared to analysts’ expectations of $633.13 million. During the same period in the prior year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MOD. Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Oppenheimer increased their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. DA Davidson restated a “buy” rating and set a $155.00 price objective on shares of Modine Manufacturing in a research report on Monday, March 17th. Finally, KeyCorp assumed coverage on shares of Modine Manufacturing in a research report on Thursday, June 12th. They set an “overweight” rating and a $125.00 price objective on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Modine Manufacturing has a consensus rating of “Buy” and an average target price of $135.50.

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.