2 weeks Ago By ABMN Staff
Teacher Retirement System of Texas raised its stake in Modine Manufacturing ( NYSE:MOD – Free Report ) by 21.0% during the fourth quarter, HoldingsChannel.com reports.
The institutional investor owned 8,519 shares of the auto parts company’s stock after acquiring an additional 1,477 shares during the period. Teacher Retirement System of Texas’ holdings in Modine Manufacturing were worth $988,000 as of its most recent SEC filing. Other institutional investors and hedge funds also recently made changes to their positions in the company.
William Blair Investment Management LLC lifted its position in Modine Manufacturing by 7.7% in the 4th quarter. William Blair Investment Management LLC now owns 247,400 shares of the auto parts company’s stock valued at $28,681,000 after acquiring an additional 17,599 shares in the last quarter.
Entropy Technologies LP bought a new stake in shares of Modine Manufacturing in the fourth quarter valued at about $452,000. New York State Common Retirement Fund boosted its position in shares of Modine Manufacturing by 9.9% during the fourth quarter.
New York State Common Retirement Fund now owns 247,975 shares of the auto parts company’s stock worth $28,748,000 after buying an additional 22,259 shares during the period. Legend Financial Advisors Inc. grew its holdings in shares of Modine Manufacturing by 2.
9% during the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock worth $1,151,000 after buying an additional 279 shares in the last quarter.
Finally, Peregrine Capital Management LLC grew its holdings in shares of Modine Manufacturing by 10.9% during the fourth quarter. Peregrine Capital Management LLC now owns 100,949 shares of the auto parts company’s stock worth $11,703,000 after buying an additional 9,920 shares in the last quarter.
Institutional investors and hedge funds own 95.23% of the company’s stock. Modine Manufacturing Trading Down 1.
1 % Shares of NYSE:MOD opened at $79.12 on Friday. The company’s 50-day moving average price is $93.
98 and its two-hundred day moving average price is $115.43. Modine Manufacturing has a one year low of $72.
49 and a one year high of $146.84. The company has a debt-to-equity ratio of 0.
38, a current ratio of 1.87 and a quick ratio of 1.18.
The stock has a market capitalization of $4.16 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 0.
71 and a beta of 2.48. Modine Manufacturing declared that its Board of Directors has authorized a share repurchase program on Friday, March 7th that allows the company to buyback $100.
00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 2.4% of its shares through open market purchases.
Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued. Wall Street Analysts Forecast Growth Separately, DA Davidson restated a “buy” rating and issued a $155.00 target price on shares of Modine Manufacturing in a research note on Monday, March 17th.
View Our Latest Report on Modine Manufacturing Insider Activity In other news, Director William A. Wulfsohn acquired 2,530 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $79.
43 per share, for a total transaction of $200,957.90. Following the purchase, the director now directly owns 7,277 shares of the company’s stock, valued at approximately $578,012.
11. This trade represents a 53.30 % increase in their ownership of the stock.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . 2.40% of the stock is currently owned by insiders.
About Modine Manufacturing ( Free Report ) 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.
See Also Want to see what other hedge funds are holding MOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modine Manufacturing ( NYSE:MOD – Free Report ). 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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