Situational Awareness LP Invests $7.69 Million in Modine Manufacturing (NYSE:MOD)

Situational Awareness LP acquired a new stake in Modine Manufacturing (NYSE:MOD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 66,367 shares of the auto parts company’s stock, valued at approximately $7,694,000. Modine Manufacturing makes up approximately 3.0% of Situational Awareness LP’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors have also modified their holdings of the company. Cannon Global Investment Management LLC lifted its position in Modine Manufacturing by 37.1% during the fourth quarter. Cannon Global Investment Management LLC now owns 4,800 shares of the auto parts company’s stock valued at $556,000 after buying an additional 1,300 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 during the period. Bridge City Capital LLC lifted its holdings in shares of Modine Manufacturing by 56.2% during the 4th quarter. Bridge City Capital LLC now owns 46,161 shares of the auto parts company’s stock valued at $5,351,000 after acquiring an additional 16,603 shares in the last quarter. LPL Financial LLC boosted its position in Modine Manufacturing by 3.7% during the 4th quarter. LPL Financial LLC now owns 50,358 shares of the auto parts company’s stock worth $5,838,000 after purchasing an additional 1,790 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Modine Manufacturing in the 4th quarter valued at $1,171,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, Director William A. Wulfsohn bought 2,530 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $79.43 per share, with a total value of $200,957.90. Following the transaction, the director now directly owns 7,277 shares in the company, valued at approximately $578,012.11. This trade represents a 53.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

Modine Manufacturing Trading Up 0.8 %

MOD opened at $93.53 on Wednesday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 31.39, a P/E/G ratio of 0.71 and a beta of 2.48. The firm’s 50 day moving average is $96.99 and its 200-day moving average is $115.87. The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. Modine Manufacturing has a 52-week low of $72.49 and a 52-week high of $146.84.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Modine Manufacturing declared that its board has approved a share buyback plan on Friday, March 7th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “buy” rating and issued a $155.00 target price on shares of Modine Manufacturing in a research report on Monday, March 17th.

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.