Neumeier Poma Investment Counsel LLC Has $16.30 Million Holdings in Modine Manufacturing Company $MOD

Neumeier Poma Investment Counsel LLC reduced its position in Modine Manufacturing Company (NYSE:MOD) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,052 shares of the auto parts company’s stock after selling 18,010 shares during the period. Neumeier Poma Investment Counsel LLC owned about 0.23% of Modine Manufacturing worth $16,295,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in shares of Modine Manufacturing by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after purchasing an additional 103 shares during the last quarter. Intrust Bank NA increased its stake in shares of Modine Manufacturing by 2.3% during the 3rd quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after purchasing an additional 109 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Modine Manufacturing by 3.7% in the fourth quarter. Clearstead Advisors LLC now owns 4,589 shares of the auto parts company’s stock worth $613,000 after purchasing an additional 164 shares in the last quarter. Arizona State Retirement System boosted its holdings in Modine Manufacturing by 1.2% in the third quarter. Arizona State Retirement System now owns 14,752 shares of the auto parts company’s stock worth $2,097,000 after purchasing an additional 176 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Modine Manufacturing by 4.3% in the third quarter. Xponance Inc. now owns 4,349 shares of the auto parts company’s stock worth $618,000 after purchasing an additional 179 shares in the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MOD shares. Glj Research reiterated a “buy” rating and issued a $428.00 price objective on shares of Modine Manufacturing in a report on Monday. UBS Group increased their price objective on Modine Manufacturing to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen raised Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, KeyCorp increased their price objective on Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $327.14.

Modine Manufacturing Price Performance

Shares of NYSE:MOD opened at $300.94 on Friday. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $323.25. The firm has a market capitalization of $15.90 billion, a PE ratio of 134.35, a PEG ratio of 0.98 and a beta of 1.65. The business’s 50 day moving average is $253.63 and its 200-day moving average is $199.89. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The company had revenue of $954.40 million for the quarter, compared to analyst estimates of $920.67 million. During the same quarter last year, the firm earned $1.12 EPS. Modine Manufacturing’s revenue for the quarter was up 47.5% compared to the same quarter last year. Sell-side analysts predict that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

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.