Modine Manufacturing Company $MOD Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 36.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 376,530 shares of the auto parts company’s stock after selling 219,957 shares during the period. Thrivent Financial for Lutherans owned approximately 0.72% of Modine Manufacturing worth $50,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MOD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Modine Manufacturing by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock valued at $2,857,000 after purchasing an additional 7,831 shares during the last quarter. California Public Employees Retirement System lifted its stake in Modine Manufacturing by 8.3% during the second quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock valued at $6,767,000 after purchasing an additional 5,244 shares during the last quarter. State Street Corp lifted its stake in Modine Manufacturing by 4.2% during the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after purchasing an additional 53,351 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Modine Manufacturing by 106.3% during the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock valued at $15,890,000 after purchasing an additional 83,105 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Modine Manufacturing by 70.8% during the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock valued at $30,501,000 after purchasing an additional 128,348 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Down 6.9%

Shares of NYSE:MOD opened at $271.88 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The company has a market cap of $14.34 billion, a PE ratio of 151.04, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66. Modine Manufacturing Company has a 52 week low of $86.48 and a 52 week high of $294.05. The firm has a 50 day simple moving average of $232.82 and a 200 day simple moving average of $187.40.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MOD shares. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of Modine Manufacturing in a research note on Tuesday, March 31st. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Glj Research started coverage on shares of Modine Manufacturing in a research note on Monday, March 30th. They set a “buy” rating and a $290.00 target price for the company. Roth Mkm started coverage on shares of Modine Manufacturing in a research note on Wednesday, February 18th. They set a “buy” rating and a $263.00 target price for the company. Finally, Oppenheimer upped their price target on shares of Modine Manufacturing from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.33.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.