William A. Wulfsohn Acquires 2,530 Shares of Modine Manufacturing (NYSE:MOD) Stock

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

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $76.03 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 company has a market capitalization of $4.00 billion, a P/E ratio of 25.51, a PEG ratio of 0.71 and a beta of 2.48. The stock’s 50 day moving average is $105.89 and its 200 day moving average is $118.26. Modine Manufacturing has a twelve month low of $72.49 and a twelve month high of $146.84.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share 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%. On average, equities research analysts predict that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.

Institutional Trading of Modine Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Modine Manufacturing by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 5,058,967 shares of the auto parts company’s stock valued at $586,486,000 after acquiring an additional 70,581 shares in the last quarter. FMR LLC lifted its position in Modine Manufacturing by 14.0% in the 3rd quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock valued at $586,657,000 after acquiring an additional 543,419 shares in the last quarter. Invesco Ltd. lifted its position in Modine Manufacturing by 1.0% in the 4th quarter. Invesco Ltd. now owns 2,012,533 shares of the auto parts company’s stock valued at $233,313,000 after acquiring an additional 20,085 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Modine Manufacturing by 2.8% in the 4th quarter. Driehaus Capital Management LLC now owns 1,439,980 shares of the auto parts company’s stock valued at $166,937,000 after acquiring an additional 39,193 shares in the last quarter. Finally, Wasatch Advisors LP lifted its position in Modine Manufacturing by 108.0% in the 4th quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company’s stock valued at $165,596,000 after acquiring an additional 741,667 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

About Modine Manufacturing

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.