Calamos Advisors LLC Has $3.44 Million Holdings in Modine Manufacturing (NYSE:MOD)

Calamos Advisors LLC raised its stake in shares of Modine Manufacturing (NYSE:MOD) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,695 shares of the auto parts company’s stock after purchasing an additional 4,229 shares during the period. Calamos Advisors LLC owned approximately 0.06% of Modine Manufacturing worth $3,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Modine Manufacturing in the 2nd quarter worth $411,000. Millennium Management LLC purchased a new position in Modine Manufacturing during the second quarter worth about $7,391,000. The Manufacturers Life Insurance Company grew its position in Modine Manufacturing by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,143 shares of the auto parts company’s stock worth $3,120,000 after purchasing an additional 1,063 shares in the last quarter. Creative Planning grew its position in Modine Manufacturing by 93.8% in the 2nd quarter. Creative Planning now owns 9,696 shares of the auto parts company’s stock worth $971,000 after purchasing an additional 4,692 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Modine Manufacturing by 12.0% in the 2nd quarter. Truist Financial Corp now owns 34,457 shares of the auto parts company’s stock valued at $3,452,000 after buying an additional 3,683 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their target price on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

Modine Manufacturing Price Performance

MOD opened at $98.40 on Wednesday. Modine Manufacturing has a fifty-two week low of $67.77 and a fifty-two week high of $146.84. The firm has a 50-day moving average of $124.24 and a 200 day moving average of $120.86. 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 firm has a market cap of $5.17 billion, a P/E ratio of 32.26, a PEG ratio of 0.78 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. On average, research analysts expect that Modine Manufacturing will post 3.83 EPS for the current year.

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.