Mountain Pacific Investment Advisers LLC Has $5.23 Million Stake in Modine Manufacturing (NYSE:MOD)

Mountain Pacific Investment Advisers LLC increased its position in shares of Modine Manufacturing (NYSE:MOD) by 80.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,116 shares of the auto parts company’s stock after purchasing an additional 20,116 shares during the period. Mountain Pacific Investment Advisers LLC owned approximately 0.09% of Modine Manufacturing worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Modine Manufacturing by 14.0% in the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after acquiring an additional 543,419 shares in the last quarter. State Street Corp boosted its holdings in Modine Manufacturing by 1.5% in the 3rd quarter. State Street Corp now owns 1,219,916 shares of the auto parts company’s stock valued at $161,993,000 after purchasing an additional 18,108 shares during the period. Geode Capital Management LLC grew its position in shares of Modine Manufacturing by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,170,958 shares of the auto parts company’s stock worth $155,522,000 after purchasing an additional 9,648 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Modine Manufacturing by 2.4% in the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock valued at $153,072,000 after buying an additional 26,527 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Modine Manufacturing by 32.8% in the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock valued at $110,403,000 after buying an additional 272,174 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Trading Up 0.5 %

Shares of MOD stock opened at $133.24 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. Modine Manufacturing has a fifty-two week low of $60.00 and a fifty-two week high of $146.84. The company has a market cap of $7.00 billion, a PE ratio of 43.69, a P/E/G ratio of 0.91 and a beta of 2.34. The stock’s fifty day moving average price is $127.56 and its two-hundred day moving average price is $120.24.

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 analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. Equities analysts predict that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on MOD shares. DA Davidson lifted their price objective on Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on 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.