30,126 Modine Manufacturing Company $MOD Shares Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 13.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,114 shares of the auto parts company’s stock after purchasing an additional 30,126 shares during the period. Van Berkom & Associates Inc.’s holdings in Modine Manufacturing were worth $46,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Modine Manufacturing in the 2nd quarter worth about $765,540,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Modine Manufacturing during the 2nd quarter valued at about $388,140,000. Janus Henderson Group PLC grew its position in shares of Modine Manufacturing by 2,249.9% during the 1st quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock valued at $113,459,000 after buying an additional 501,229 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of Modine Manufacturing during the 2nd quarter valued at about $123,873,000. Finally, Blue Whale Capital LLP acquired a new stake in Modine Manufacturing during the second quarter worth about $123,747,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

MOD stock opened at $106.13 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 0.35 and a beta of 1.86. Modine Manufacturing Company has a 1 year low of $87.84 and a 1 year high of $323.25. The stock’s fifty day moving average is $164.81 and its two-hundred day moving average is $213.97.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.12). The firm had revenue of $994.40 million for the quarter, compared to the consensus estimate of $978.31 million. Modine Manufacturing had a return on equity of 26.28% and a net margin of 3.58%. The firm’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. On average, research analysts predict that Modine Manufacturing Company will post 6.55 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Tuesday, August 25th. Oppenheimer decreased their target price on Modine Manufacturing from $260.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. B. Riley Financial lowered their target price on Modine Manufacturing from $305.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, October 29th. UBS Group lowered their target price on Modine Manufacturing from $355.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Finally, DA Davidson reiterated a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Modine Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $264.89.

Modine Manufacturing Profile

Modine Manufacturing Company is a global provider of thermal management solutions, serving markets that need to control heating, cooling and temperature-related performance. Founded in 1916 by Arthur B. Modine, the company is headquartered in Racine, Wisconsin.

Through its Climate Solutions business, Modine supplies heating, ventilation and air conditioning equipment for commercial and industrial buildings, as well as cooling systems for data centers. Its offerings include chillers, heat exchangers and other equipment designed to manage indoor environments and remove heat from technology infrastructure.

Modine’s Performance Technologies business develops thermal management products for vehicles and other equipment.