Fiera Capital Corp Grows Position in Modine Manufacturing Company $MOD

Fiera Capital Corp increased its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 33.2% in the fourth quarter, Holdings Channel reports. The firm owned 322,931 shares of the auto parts company’s stock after buying an additional 80,444 shares during the period. Fiera Capital Corp’s holdings in Modine Manufacturing were worth $43,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MOD. Perigon Wealth Management LLC increased its position in shares of Modine Manufacturing by 583.1% during the fourth quarter. Perigon Wealth Management LLC now owns 15,171 shares of the auto parts company’s stock valued at $2,025,000 after acquiring an additional 12,950 shares during the last quarter. Wisconsin Capital Management LLC raised its stake in shares of Modine Manufacturing by 227.9% in the 3rd quarter. Wisconsin Capital Management LLC now owns 23,071 shares of the auto parts company’s stock valued at $3,280,000 after acquiring an additional 16,034 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Modine Manufacturing by 7.8% in the 4th quarter. Congress Asset Management Co. now owns 568,853 shares of the auto parts company’s stock worth $75,948,000 after acquiring an additional 41,373 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Modine Manufacturing by 12.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 48,189 shares of the auto parts company’s stock worth $6,851,000 after acquiring an additional 5,319 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Modine Manufacturing by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock worth $166,540,000 after purchasing an additional 151,543 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $274.70 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $255.68 and a 200-day simple moving average of $201.94. The stock has a market cap of $14.51 billion, a P/E ratio of 122.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.65. Modine Manufacturing Company has a 12-month low of $86.48 and a 12-month high of $323.25.

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

Analyst Ratings Changes

Several research firms recently weighed in on MOD. Glj Research reiterated a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a report on Monday, June 1st. Wall Street Zen upgraded Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Oppenheimer raised their price target on Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. KeyCorp lifted their price objective on Modine Manufacturing from $250.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Finally, DA Davidson boosted their price objective on Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and an average price target of $327.14.

Modine Manufacturing Company 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.