WCM Investment Management LLC Has $6.32 Million Stake in Modine Manufacturing (NYSE:MOD)

WCM Investment Management LLC lowered its position in shares of Modine Manufacturing (NYSE:MOD) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,692 shares of the auto parts company’s stock after selling 2,385 shares during the quarter. WCM Investment Management LLC’s holdings in Modine Manufacturing were worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MOD. Private Trust Co. NA increased its position in Modine Manufacturing by 650.5% during the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after buying an additional 670 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 491 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Modine Manufacturing by 6.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock worth $157,000 after acquiring an additional 82 shares during the period. KBC Group NV raised its stake in Modine Manufacturing by 47.8% in the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 471 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Modine Manufacturing in the 3rd quarter valued at about $196,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Up 1.0 %

Shares of NYSE MOD opened at $98.65 on Monday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 33.10, a PEG ratio of 0.75 and a beta of 2.31. The stock’s fifty day moving average is $121.42 and its 200 day moving average is $120.44. Modine Manufacturing has a 52 week low of $69.00 and a 52 week high of $146.84. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.09 and a current ratio of 1.87.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Sell-side analysts forecast that Modine Manufacturing will post 3.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer raised 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.

Modine Manufacturing Company 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.