Corient Private Wealth LLC Has $682,000 Stock Holdings in Modine Manufacturing Company $MOD

Corient Private Wealth LLC reduced its position in Modine Manufacturing Company (NYSE:MOD) by 33.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,073 shares of the auto parts company’s stock after selling 2,524 shares during the period. Corient Private Wealth LLC’s holdings in Modine Manufacturing were worth $682,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in Modine Manufacturing during the fourth quarter worth approximately $25,000. Spire Wealth Management bought a new position in Modine Manufacturing during the fourth quarter worth $27,000. Sunbelt Securities Inc. bought a new position in shares of Modine Manufacturing in the third quarter valued at about $39,000. Danske Bank A S bought a new position in shares of Modine Manufacturing in the third quarter valued at about $43,000. Finally, Root Financial Partners LLC lifted its stake in shares of Modine Manufacturing by 140.5% during the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock worth $49,000 after buying an additional 215 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings upgraded Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Glj Research reaffirmed a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a research report on Monday, June 1st. Finally, DA Davidson reiterated a “buy” rating and set a $330.00 target price on shares of Modine Manufacturing in a research note on Monday, June 22nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $327.14.

Modine Manufacturing Trading Up 0.1%

Shares of Modine Manufacturing stock opened at $231.27 on Friday. The business’s fifty day moving average is $270.29 and its two-hundred day moving average is $217.05. The company has a quick ratio of 1.25, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week high of $323.25. The firm has a market cap of $12.22 billion, a PE ratio of 103.24, a P/E/G ratio of 0.75 and a beta of 1.67.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to analysts’ expectations of $920.67 million. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm’s revenue was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Analysts anticipate that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Eric S. Mcginnis sold 1,020 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $295.06, for a total value of $300,961.20. Following the completion of the transaction, the insider directly owned 28,364 shares in the company, valued at approximately $8,369,081.84. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric D. Ashleman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total transaction of $4,328,100.00. Following the completion of the transaction, the director directly owned 42,350 shares of the company’s stock, valued at approximately $12,219,669. The trade was a 26.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 54,302 shares of company stock valued at $15,928,759. Corporate insiders own 2.48% of the company’s stock.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.