Modine Manufacturing (NYSE:MOD) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its position in shares of Modine Manufacturing (NYSE:MOD) by 49.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,727 shares of the auto parts company’s stock after selling 50,751 shares during the period. Congress Asset Management Co. owned about 0.10% of Modine Manufacturing worth $6,113,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after buying an additional 670 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Modine Manufacturing by 90.9% in the 3rd 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 during the last quarter. Nisa Investment Advisors LLC lifted its stake 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 valued at $157,000 after purchasing an additional 82 shares during the last quarter. KBC Group NV lifted its position in shares of Modine Manufacturing by 47.8% during the 3rd quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after acquiring an additional 471 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Modine Manufacturing in the 3rd quarter valued at $196,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Down 0.7 %

Modine Manufacturing stock opened at $92.38 on Tuesday. 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 has a twelve month low of $75.23 and a twelve month high of $146.84. The firm’s 50 day moving average price is $117.09 and its two-hundred day moving average price is $120.29. The firm has a market cap of $4.86 billion, a PE ratio of 31.00, a P/E/G ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share 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%. On average, research analysts predict that Modine Manufacturing will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted 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.

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.