Yarbrough Capital LLC Acquires Shares of 2,798 Modine Manufacturing (NYSE:MOD)

Yarbrough Capital LLC bought a new position in shares of Modine Manufacturing (NYSE:MOD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,798 shares of the auto parts company’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also made changes to their positions in MOD. Xponance Inc. increased its position in shares of Modine Manufacturing by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock worth $328,000 after purchasing an additional 153 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Modine Manufacturing by 7.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock worth $314,000 after buying an additional 212 shares during the last quarter. Legend Financial Advisors Inc. boosted its holdings in shares of Modine Manufacturing by 2.9% in the 4th quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after buying an additional 279 shares during the period. Bay Rivers Group grew its position in shares of Modine Manufacturing by 6.3% during the 3rd quarter. Bay Rivers Group now owns 5,727 shares of the auto parts company’s stock valued at $760,000 after buying an additional 340 shares during the last quarter. Finally, Sovereign Financial Group Inc. raised its stake in Modine Manufacturing by 18.1% during the fourth quarter. Sovereign Financial Group Inc. now owns 2,367 shares of the auto parts company’s stock worth $274,000 after acquiring an additional 363 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Up 2.2 %

Shares of MOD stock opened at $132.92 on Friday. Modine Manufacturing has a 1 year low of $60.00 and a 1 year high of $146.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The business’s fifty day moving average is $127.34 and its 200-day moving average is $119.75. The stock has a market cap of $6.98 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 0.91 and a beta of 2.34.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, topping 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 firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. During the same period in the previous year, the business earned $0.89 earnings per share. Modine Manufacturing’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on MOD. Oppenheimer raised their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. DA Davidson lifted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.67.

About Modine Manufacturing

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.