DGS Capital Management LLC Buys Shares of 4,371 Modine Manufacturing (NYSE:MOD)

DGS Capital Management LLC bought a new stake in Modine Manufacturing (NYSE:MOD) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,371 shares of the auto parts company’s stock, valued at approximately $261,000.

Several other hedge funds have also made changes to their positions in the business. Swiss National Bank grew its position in shares of Modine Manufacturing by 8.2% during the first quarter. Swiss National Bank now owns 122,600 shares of the auto parts company’s stock worth $1,105,000 after acquiring an additional 9,300 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Modine Manufacturing during the first quarter worth approximately $431,000. Bank of Montreal Can grew its position in shares of Modine Manufacturing by 10.5% during the first quarter. Bank of Montreal Can now owns 14,294 shares of the auto parts company’s stock worth $136,000 after acquiring an additional 1,363 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Modine Manufacturing by 128.3% during the first quarter. MetLife Investment Management LLC now owns 22,893 shares of the auto parts company’s stock worth $206,000 after acquiring an additional 12,864 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Modine Manufacturing by 3.7% during the first quarter. BlackRock Inc. now owns 4,066,537 shares of the auto parts company’s stock worth $36,639,000 after purchasing an additional 144,771 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $90.36 on Wednesday. The company has a market cap of $4.72 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 0.69 and a beta of 2.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.93. Modine Manufacturing has a one year low of $19.41 and a one year high of $106.01. The business has a fifty day moving average of $87.91 and a two-hundred day moving average of $65.69.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.17. The business had revenue of $561.40 million during the quarter, compared to the consensus estimate of $594.84 million. Modine Manufacturing had a return on equity of 25.28% and a net margin of 9.31%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, analysts predict that Modine Manufacturing will post 3.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MOD. StockNews.com downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Oppenheimer assumed coverage on Modine Manufacturing in a report on Tuesday, March 19th. They set an “outperform” rating and a $105.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $90.00 target price on shares of Modine Manufacturing in a report on Tuesday, February 27th. Finally, B. Riley reissued a “buy” rating and issued a $98.00 target price (up previously from $88.00) on shares of Modine Manufacturing in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and an average price target of $97.67.

Insider Transactions at Modine Manufacturing

In other news, VP Brian Jon Agen sold 16,799 shares of Modine Manufacturing stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the transaction, the vice president now owns 102,409 shares of the company’s stock, valued at approximately $9,794,396.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Brian Jon Agen sold 16,799 shares of Modine Manufacturing stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $95.64, for a total transaction of $1,606,656.36. Following the completion of the sale, the vice president now owns 102,409 shares in the company, valued at approximately $9,794,396.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher William Patterson sold 14,225 shares of Modine Manufacturing stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $90.56, for a total value of $1,288,216.00. Following the sale, the director now owns 97,517 shares of the company’s stock, valued at approximately $8,831,139.52. The disclosure for this sale can be found here. Insiders sold 113,336 shares of company stock valued at $10,330,115 in the last 90 days. 2.86% of the stock is currently owned by insiders.

Modine Manufacturing Company Profile

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.