Gamco Investors INC. ET AL Sells 4,074 Shares of Modine Manufacturing Company $MOD

Gamco Investors INC. ET AL decreased its position in Modine Manufacturing Company (NYSE:MOD) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,181,756 shares of the auto parts company’s stock after selling 4,074 shares during the period. Modine Manufacturing accounts for 1.2% of Gamco Investors INC. ET AL’s portfolio, making the stock its 11th largest position. Gamco Investors INC. ET AL’s holdings in Modine Manufacturing were worth $116,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bosun Asset Management LLC boosted its stake in shares of Modine Manufacturing by 24.5% in the 2nd quarter. Bosun Asset Management LLC now owns 9,563 shares of the auto parts company’s stock valued at $942,000 after purchasing an additional 1,882 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Modine Manufacturing by 2.2% in the second quarter. Brown Advisory Inc. now owns 513,801 shares of the auto parts company’s stock valued at $50,609,000 after buying an additional 11,260 shares during the period. Marshall Wace LLP boosted its stake in Modine Manufacturing by 97.4% in the second quarter. Marshall Wace LLP now owns 441,360 shares of the auto parts company’s stock valued at $43,474,000 after acquiring an additional 217,825 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in Modine Manufacturing by 248.6% during the 2nd quarter. Kennedy Capital Management LLC now owns 118,023 shares of the auto parts company’s stock worth $11,625,000 after acquiring an additional 84,165 shares during the period. Finally, CW Advisors LLC raised its position in shares of Modine Manufacturing by 100.0% during the 2nd quarter. CW Advisors LLC now owns 17,371 shares of the auto parts company’s stock valued at $1,711,000 after acquiring an additional 8,685 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Up 1.9%

NYSE:MOD opened at $162.89 on Friday. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $166.94. The stock has a 50-day moving average price of $151.40 and a two-hundred day moving average price of $128.76. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 1.04 and a beta of 1.69. The company has a current ratio of 2.00, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.09. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. During the same quarter in the previous year, the business posted $0.97 EPS. Modine Manufacturing’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total value of $5,117,207.76. Following the transaction, the chief executive officer owned 238,312 shares of the company’s stock, valued at approximately $38,263,374.72. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MOD. DA Davidson restated a “buy” rating and issued a $200.00 price target on shares of Modine Manufacturing in a research report on Wednesday, November 19th. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. KeyCorp raised their target price on Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 1st. Finally, Oppenheimer lifted their price objective on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Modine Manufacturing 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.