Modine Manufacturing Company (NYSE:MOD) Given Average Rating of “Buy” by Analysts

Shares of Modine Manufacturing Company (NYSE:MOD) have received an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $223.20.

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. UBS Group began coverage on shares of Modine Manufacturing in a research note on Thursday, November 20th. They issued a “buy” rating and a $173.00 price objective for the company. DA Davidson boosted their target price on shares of Modine Manufacturing from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Oppenheimer upped their price target on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, Zacks Research raised Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th.

Modine Manufacturing Price Performance

NYSE:MOD opened at $229.18 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $170.20 and a 200 day simple moving average of $155.53. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $243.80. The stock has a market capitalization of $12.08 billion, a PE ratio of 127.41, a P/E/G ratio of 1.39 and a beta of 1.66.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $763.54 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. On average, research analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Insider Activity

In other news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the completion of the transaction, the director directly owned 79,856 shares of the company’s stock, valued at approximately $14,699,093.92. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Neil David Brinker sold 31,871 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 238,312 shares in the company, valued at $38,263,374.72. This represents a 11.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,071 shares of company stock valued at $5,484,685. Insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in Modine Manufacturing in the 4th quarter valued at about $25,000. Spire Wealth Management bought a new position in shares of Modine Manufacturing in the fourth quarter valued at approximately $27,000. First Horizon Corp purchased a new stake in shares of Modine Manufacturing during the third quarter valued at approximately $38,000. Sunbelt Securities Inc. bought a new stake in Modine Manufacturing during the third quarter worth $39,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 405 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

About Modine Manufacturing

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.