Peregrine Capital Management LLC Buys 9,920 Shares of Modine Manufacturing (NYSE:MOD)

Peregrine Capital Management LLC lifted its stake in shares of Modine Manufacturing (NYSE:MOD) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 100,949 shares of the auto parts company’s stock after acquiring an additional 9,920 shares during the period. Peregrine Capital Management LLC owned approximately 0.19% of Modine Manufacturing worth $11,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its holdings in shares of Modine Manufacturing by 97.8% in the 4th quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock worth $63,000 after purchasing an additional 269 shares in the last quarter. Private Trust Co. NA lifted its position in Modine Manufacturing by 650.5% in 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 last quarter. Farther Finance Advisors LLC boosted its stake in 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 worth $137,000 after buying an additional 491 shares in the last quarter. Nisa Investment Advisors LLC grew 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 valued at $157,000 after acquiring an additional 82 shares during the last quarter. Finally, KBC Group NV grew its position in Modine Manufacturing by 47.8% during the third 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. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective 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 Trading Down 0.7 %

NYSE MOD opened at $92.38 on Tuesday. The stock has a 50-day moving average of $117.09 and a 200-day moving average of $120.29. The company has a current ratio of 1.87, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a 1-year low of $75.23 and a 1-year high of $146.84. The firm has a market cap of $4.86 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last announced 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 return on equity of 24.25% and a net margin of 6.31%. As a group, sell-side analysts forecast that Modine Manufacturing will post 3.85 EPS for the current year.

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.