Campbell Newman Asset Management Inc. Has $2.81 Million Position in Modine Manufacturing (NYSE:MOD)

Campbell Newman Asset Management Inc. lifted its position in Modine Manufacturing (NYSE:MOD) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,249 shares of the auto parts company’s stock after acquiring an additional 6,786 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Modine Manufacturing were worth $2,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MOD. Wasatch Advisors LP bought a new stake in shares of Modine Manufacturing in the 3rd quarter valued at $91,193,000. FMR LLC boosted its position in Modine Manufacturing by 14.0% during the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock worth $586,657,000 after acquiring an additional 543,419 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Modine Manufacturing by 32.8% during the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock worth $110,403,000 after purchasing an additional 272,174 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in Modine Manufacturing by 4,215.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 260,547 shares of the auto parts company’s stock valued at $26,104,000 after purchasing an additional 254,510 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new position in Modine Manufacturing during the third quarter worth approximately $31,961,000. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 3.9 %

Modine Manufacturing stock traded up $4.84 during mid-day trading on Wednesday, hitting $129.55. 84,976 shares of the stock were exchanged, compared to its average volume of 633,522. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 1.01 and a beta of 2.34. Modine Manufacturing has a 12 month low of $60.00 and a 12 month high of $146.84. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $127.24 and its two-hundred day simple moving average is $119.68.

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

Wall Street Analysts Forecast Growth

MOD has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. DA Davidson raised their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.