2 days Ago By ABMN Staff
American Century Companies Inc. reduced its holdings in Modine Manufacturing ( NYSE:MOD – Free Report ) by 30.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 444,297 shares of the auto parts company’s stock after selling 196,470 shares during the period. American Century Companies Inc. owned about 0.
85% of Modine Manufacturing worth $44,514,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also made changes to their positions in the company. Choreo LLC acquired a new stake in Modine Manufacturing in the 2nd quarter valued at $698,000.
Emerald Advisers LLC purchased a new stake in shares of Modine Manufacturing during the 2nd quarter valued at approximately $26,064,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Modine Manufacturing during the 2nd quarter worth about $21,340,000. Arizona State Retirement System boosted its position in shares of Modine Manufacturing by 1.
8% during the 2nd quarter. Arizona State Retirement System now owns 13,886 shares of the auto parts company’s stock worth $1,391,000 after purchasing an additional 246 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Modine Manufacturing by 51.
2% in the second quarter. TD Asset Management Inc now owns 13,000 shares of the auto parts company’s stock valued at $1,302,000 after buying an additional 4,400 shares in the last quarter. 95.
23% of the stock is currently owned by hedge funds and other institutional investors. Modine Manufacturing Stock Up 1.6 % Shares of Modine Manufacturing stock opened at $112.
80 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.
80 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 52-week low of $38.
50 and a 52-week high of $123.92. The company has a market capitalization of $5.
91 billion, a P/E ratio of 37.23, a P/E/G ratio of 0.83 and a beta of 2.
22. The company has a 50 day moving average of $107.79 and a 200 day moving average of $99.
98. Insider Activity In related news, Director Marsha C. Williams sold 34,400 shares of Modine Manufacturing stock in a transaction on Thursday, August 15th.
The shares were sold at an average price of $109.74, for a total value of $3,775,056.00.
Following the transaction, the director now directly owns 144,038 shares in the company, valued at approximately $15,806,730.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link .
Corporate insiders own 2.40% of the company’s stock. Wall Street Analysts Forecast Growth Several analysts have recently issued reports on the stock.
DA Davidson increased their price target on shares of Modine Manufacturing from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.
Oppenheimer reiterated an “outperform” rating and set a $135.00 target price on shares of Modine Manufacturing in a report on Thursday, September 12th. B.
Riley raised their price target on shares of Modine Manufacturing from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.
Finally, William Blair started coverage on Modine Manufacturing in a research report on Monday, July 29th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.33. Get Our Latest Stock Report on Modine Manufacturing Modine Manufacturing Profile ( Free Report ) Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications.
It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units. See Also Receive News & Ratings for Modine Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modine Manufacturing and related companies with MarketBeat.
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