Legato Capital Management LLC Sells 11,274 Shares of Modine Manufacturing Company $MOD

Legato Capital Management LLC lessened its holdings in Modine Manufacturing Company (NYSE:MOD) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,899 shares of the auto parts company’s stock after selling 11,274 shares during the period. Legato Capital Management LLC’s holdings in Modine Manufacturing were worth $2,657,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MOD. Spire Wealth Management bought a new position in Modine Manufacturing during the fourth quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in shares of Modine Manufacturing in the 3rd quarter worth about $39,000. Danske Bank A S bought a new stake in shares of Modine Manufacturing in the 3rd quarter worth about $43,000. AdvisorShares Investments LLC raised its position in shares of Modine Manufacturing by 154.0% during the 3rd quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock valued at $68,000 after buying an additional 288 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of Modine Manufacturing during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $261.71 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28. The firm has a market capitalization of $13.80 billion, a P/E ratio of 145.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $294.05. The company’s 50-day moving average is $238.14 and its 200 day moving average is $190.70.

Analysts Set New Price Targets

Several research firms recently commented on MOD. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Roth Mkm assumed coverage on Modine Manufacturing in a research note on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price objective for the company. Glj Research assumed coverage on Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $234.33.

Modine Manufacturing 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.