Versor Investments LP Purchases Shares of 5,182 Modine Manufacturing (NYSE:MOD)

Versor Investments LP purchased a new stake in shares of Modine Manufacturing (NYSE:MOD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,182 shares of the auto parts company’s stock, valued at approximately $601,000.

A number of other hedge funds also recently modified their holdings of MOD. Raymond James & Associates lifted its stake in shares of Modine Manufacturing by 15.8% in the third quarter. Raymond James & Associates now owns 30,812 shares of the auto parts company’s stock worth $4,092,000 after acquiring an additional 4,206 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Modine Manufacturing by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,601 shares of the auto parts company’s stock worth $1,142,000 after purchasing an additional 479 shares during the period. US Bancorp DE lifted its position in shares of Modine Manufacturing by 10.9% in the 3rd quarter. US Bancorp DE now owns 4,918 shares of the auto parts company’s stock worth $653,000 after purchasing an additional 485 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Modine Manufacturing by 63.4% in the 3rd quarter. New York State Common Retirement Fund now owns 225,716 shares of the auto parts company’s stock valued at $29,973,000 after purchasing an additional 87,553 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Modine Manufacturing by 90.9% during 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 during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

MOD stock opened at $84.61 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 0.71 and a beta of 2.31. The company’s fifty day simple moving average is $109.18 and its 200 day simple moving average is $119.18. Modine Manufacturing has a 12-month low of $78.42 and a 12-month high of $146.84.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. On average, analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current year.

Modine Manufacturing 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.