Modine Manufacturing Company $MOD Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in Modine Manufacturing Company (NYSE:MOD) by 16.0% during the 4th quarter, Holdings Channel reports. The firm owned 830,779 shares of the auto parts company’s stock after selling 157,670 shares during the period. Modine Manufacturing comprises approximately 1.1% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 13th biggest holding. Gamco Investors INC. ET AL’s holdings in Modine Manufacturing were worth $110,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of MOD. Capital Research Global Investors acquired a new stake in shares of Modine Manufacturing in the third quarter valued at approximately $184,610,000. WT Asset Management Ltd acquired a new stake in shares of Modine Manufacturing in the fourth quarter valued at approximately $69,255,000. Van Berkom & Associates Inc. grew its position in shares of Modine Manufacturing by 3,145.2% in the fourth quarter. Van Berkom & Associates Inc. now owns 436,084 shares of the auto parts company’s stock valued at $58,222,000 after purchasing an additional 422,646 shares during the last quarter. Invesco Ltd. grew its position in shares of Modine Manufacturing by 133.2% in the third quarter. Invesco Ltd. now owns 598,140 shares of the auto parts company’s stock valued at $85,032,000 after purchasing an additional 341,595 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Modine Manufacturing in the second quarter valued at approximately $28,322,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $271.88 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. The company has a market cap of $14.34 billion, a P/E ratio of 151.04, a P/E/G ratio of 1.10 and a beta of 1.66. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week high of $294.05. The firm’s 50 day moving average is $232.82 and its two-hundred day moving average is $187.57.

Analyst Ratings Changes

Several analysts have recently commented on MOD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Modine Manufacturing in a research report on Wednesday, May 6th. Oppenheimer increased 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. Roth Mkm initiated coverage on shares of Modine Manufacturing in a research note on Wednesday, February 18th. They set a “buy” rating and a $263.00 price objective on the stock. Glj Research initiated coverage on shares of Modine Manufacturing in a research note on Monday, March 30th. They set a “buy” rating and a $290.00 price objective on the stock. Finally, Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.33.

Modine Manufacturing Profile

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.