DGS Capital Management LLC Takes $261,000 Position in Modine Manufacturing (NYSE:MOD)

DGS Capital Management LLC bought a new stake in shares of Modine Manufacturing (NYSE:MOD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,371 shares of the auto parts company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Modine Manufacturing in the 3rd quarter worth approximately $25,000. Nisa Investment Advisors LLC boosted its holdings in Modine Manufacturing by 51.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,172 shares of the auto parts company’s stock worth $70,000 after buying an additional 400 shares during the period. Harbour Investments Inc. boosted its holdings in Modine Manufacturing by 154.1% in the 2nd quarter. Harbour Investments Inc. now owns 1,245 shares of the auto parts company’s stock worth $41,000 after buying an additional 755 shares during the period. PNC Financial Services Group Inc. lifted its stake in Modine Manufacturing by 966.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,472 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 1,334 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in Modine Manufacturing in the 4th quarter worth approximately $31,000. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $90.36 on Wednesday. The firm has a market cap of $4.72 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.69 and a beta of 2.29. Modine Manufacturing has a 12-month low of $19.41 and a 12-month high of $106.01. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $87.91 and its two-hundred day simple moving average is $65.69.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, January 30th. The auto parts company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The firm had revenue of $561.40 million for the quarter, compared to analyst estimates of $594.84 million. Modine Manufacturing had a net margin of 9.31% and a return on equity of 25.28%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities analysts expect that Modine Manufacturing will post 3.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on MOD shares. DA Davidson reiterated a “buy” rating and issued a $90.00 target price on shares of Modine Manufacturing in a research note on Tuesday, February 27th. Oppenheimer started coverage on shares of Modine Manufacturing in a research note on Tuesday, March 19th. They issued an “outperform” rating and a $105.00 target price on the stock. StockNews.com cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, B. Riley restated a “buy” rating and set a $98.00 price objective (up previously from $88.00) on shares of Modine Manufacturing in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.67.

Insider Activity

In other news, CFO Michael B. Lucareli sold 82,312 shares of Modine Manufacturing stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $90.33, for a total transaction of $7,435,242.96. Following the sale, the chief financial officer now owns 194,587 shares of the company’s stock, valued at approximately $17,577,043.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Modine Manufacturing news, VP Brian Jon Agen sold 16,799 shares of Modine Manufacturing stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $95.64, for a total value of $1,606,656.36. Following the completion of the transaction, the vice president now directly owns 102,409 shares of the company’s stock, valued at $9,794,396.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael B. Lucareli sold 82,312 shares of Modine Manufacturing stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $90.33, for a total transaction of $7,435,242.96. Following the completion of the transaction, the chief financial officer now directly owns 194,587 shares of the company’s stock, valued at $17,577,043.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,336 shares of company stock valued at $10,330,115. Corporate insiders own 2.86% of the company’s stock.

Modine Manufacturing Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.