4,227 Shares in Modine Manufacturing Company $MOD Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in Modine Manufacturing Company (NYSE:MOD) during the fourth quarter, Holdings Channel.com reports. The fund bought 4,227 shares of the auto parts company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MOD. Capital Research Global Investors bought a new stake in shares of Modine Manufacturing in the 3rd quarter worth approximately $184,610,000. WT Asset Management Ltd bought a new stake in shares of Modine Manufacturing in the 4th quarter worth approximately $69,255,000. Van Berkom & Associates Inc. raised its holdings in shares of Modine Manufacturing by 3,145.2% in the 4th quarter. Van Berkom & Associates Inc. now owns 436,084 shares of the auto parts company’s stock worth $58,222,000 after purchasing an additional 422,646 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Modine Manufacturing by 133.2% during the third quarter. Invesco Ltd. now owns 598,140 shares of the auto parts company’s stock valued at $85,032,000 after acquiring an additional 341,595 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $28,322,000. 95.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MOD has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Roth Mkm initiated coverage on shares of Modine Manufacturing in a report on Wednesday, February 18th. They set a “buy” rating and a $263.00 price target on the stock. Finally, Glj Research initiated coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They set a “buy” rating and a $290.00 price target on the stock. Six 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, the stock has an average rating of “Moderate Buy” and an average target price of $234.33.

Modine Manufacturing Stock Up 5.0%

MOD stock opened at $256.82 on Thursday. The company’s 50 day simple moving average is $235.95 and its 200-day simple moving average is $189.52. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $294.05. The firm has a market capitalization of $13.54 billion, a P/E ratio of 142.68, a P/E/G ratio of 1.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28.

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.