Expect Equity LLC Has $2.08 Million Holdings in Modine Manufacturing Company $MOD

Expect Equity LLC lessened its holdings in Modine Manufacturing Company (NYSE:MOD) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,575 shares of the auto parts company’s stock after selling 4,200 shares during the period. Modine Manufacturing accounts for about 2.0% of Expect Equity LLC’s investment portfolio, making the stock its 24th biggest holding. Expect Equity LLC’s holdings in Modine Manufacturing were worth $2,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its position in Modine Manufacturing by 583.1% during the 4th quarter. Perigon Wealth Management LLC now owns 15,171 shares of the auto parts company’s stock worth $2,025,000 after acquiring an additional 12,950 shares during the last quarter. Wisconsin Capital Management LLC lifted its position in Modine Manufacturing by 227.9% during the 3rd quarter. Wisconsin Capital Management LLC now owns 23,071 shares of the auto parts company’s stock worth $3,280,000 after acquiring an additional 16,034 shares during the last quarter. Congress Asset Management Co. lifted its position in Modine Manufacturing by 7.8% during the 4th quarter. Congress Asset Management Co. now owns 568,853 shares of the auto parts company’s stock worth $75,948,000 after acquiring an additional 41,373 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Modine Manufacturing by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock worth $166,540,000 after acquiring an additional 151,543 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Modine Manufacturing by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock worth $722,297,000 after acquiring an additional 97,035 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

MOD has been the subject of a number of research analyst reports. KeyCorp boosted their target price on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. DA Davidson boosted their target price on shares of Modine Manufacturing from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Glj Research reissued a “buy” rating and set a $428.00 target price on shares of Modine Manufacturing in a research report on Monday, June 1st. Finally, B. Riley Financial boosted their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.14.

Modine Manufacturing Stock Performance

NYSE MOD opened at $285.09 on Thursday. The stock has a market cap of $15.06 billion, a P/E ratio of 127.27, a PEG ratio of 0.92 and a beta of 1.65. The company’s 50-day simple moving average is $264.32 and its 200 day simple moving average is $208.21. Modine Manufacturing Company has a twelve month low of $86.48 and a twelve month high of $323.25. The company has a quick ratio of 1.25, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same period in the prior year, the business posted $1.12 earnings per share. The business’s revenue was up 47.5% compared to the same quarter last year. As a group, research analysts forecast that Modine Manufacturing Company will post 7.73 earnings per share for the current fiscal year.

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.