Prudent Man Advisors LLC Takes $205,000 Position in Modine Manufacturing (NYSE:MOD)

Prudent Man Advisors LLC bought a new position in shares of Modine Manufacturing (NYSE:MOD) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,542 shares of the auto parts company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MOD. Acadian Asset Management LLC acquired a new stake in Modine Manufacturing in the 1st quarter worth about $37,000. Opal Wealth Advisors LLC acquired a new stake in shares of Modine Manufacturing in the second quarter worth approximately $51,000. West Oak Capital LLC increased its position in shares of Modine Manufacturing by 300.0% during the second quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 450 shares in the last quarter. Fifth Third Bancorp acquired a new position in Modine Manufacturing in the 2nd quarter valued at $64,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Modine Manufacturing in the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 2.3 %

Shares of MOD opened at $126.11 on Tuesday. Modine Manufacturing has a 12-month low of $48.88 and a 12-month high of $141.72. The firm has a market capitalization of $6.62 billion, a P/E ratio of 41.35, a P/E/G ratio of 0.95 and a beta of 2.25. The firm has a 50-day moving average price of $125.56 and a 200 day moving average price of $111.35. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. Sell-side analysts forecast that Modine Manufacturing will post 3.83 EPS for the current year.

Wall Street Analyst Weigh In

MOD has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. B. Riley upped their price objective on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. DA Davidson raised their target price on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, William Blair initiated coverage on Modine Manufacturing in a report on Monday, July 29th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Modine Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

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.