Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn Purchases 2,530 Shares

Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn acquired 2,530 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, for a total transaction of $200,957.90. Following the completion of the transaction, the director now directly owns 7,277 shares of the company’s stock, valued at approximately $578,012.11. This represents a 53.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Modine Manufacturing Trading Up 1.5 %

Shares of NYSE MOD opened at $79.26 on Thursday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 26.60, a PEG ratio of 0.71 and a beta of 2.31. The business’s 50 day moving average is $106.78 and its two-hundred day moving average is $118.55. Modine Manufacturing has a 1-year low of $72.49 and a 1-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.

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, topping 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, research analysts expect that Modine Manufacturing will post 3.88 EPS for the current year.

Institutional Trading of Modine Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Modine Manufacturing during the 4th quarter worth about $12,674,000. Jefferies Financial Group Inc. purchased a new position in Modine Manufacturing in the 4th quarter valued at about $2,290,000. Invst LLC lifted its stake in Modine Manufacturing by 4.1% in the 4th quarter. Invst LLC now owns 8,583 shares of the auto parts company’s stock worth $995,000 after purchasing an additional 338 shares in the last quarter. Palisades Investment Partners LLC lifted its stake in Modine Manufacturing by 10.6% in the 4th quarter. Palisades Investment Partners LLC now owns 112,147 shares of the auto parts company’s stock worth $13,001,000 after purchasing an additional 10,775 shares in the last quarter. Finally, Castleark Management LLC lifted its stake in Modine Manufacturing by 9.0% in the 4th quarter. Castleark Management LLC now owns 72,550 shares of the auto parts company’s stock worth $8,411,000 after purchasing an additional 6,010 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

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.