Edmond DE Rothschild Holding S.A. Acquires Shares of 12,171 Modine Manufacturing Company $MOD

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD) during the 2nd quarter, Holdings Channel reports. The firm acquired 12,171 shares of the auto parts company’s stock, valued at approximately $3,250,000.

A number of other institutional investors also recently made changes to their positions in MOD. V Square Quantitative Management LLC purchased a new position in shares of Modine Manufacturing during the 1st quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of Modine Manufacturing in the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in Modine Manufacturing in the third quarter valued at $39,000. Danske Bank A S acquired a new stake in Modine Manufacturing in the third quarter valued at $43,000. Finally, Root Financial Partners LLC boosted its stake in Modine Manufacturing by 140.5% during the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 215 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. UBS Group increased their price target on shares of Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer lifted their price target on Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, DA Davidson reissued a “buy” rating and issued a $330.00 price objective on shares of Modine Manufacturing in a report on Monday, June 22nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $320.14.

Modine Manufacturing Trading Down 2.6%

Modine Manufacturing stock opened at $190.15 on Friday. Modine Manufacturing Company has a 1 year low of $111.18 and a 1 year high of $323.25. The firm’s 50-day moving average is $233.94 and its 200-day moving average is $236.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.22 and a current ratio of 2.04. The company has a market cap of $10.10 billion, a P/E ratio of 71.48, a PEG ratio of 0.64 and a beta of 1.71.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, July 28th. The auto parts company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.26. Modine Manufacturing had a net margin of 4.28% and a return on equity of 25.59%. The business had revenue of $874.10 million during the quarter, compared to the consensus estimate of $878.69 million. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities analysts expect that Modine Manufacturing Company will post 7.65 earnings per share for the current year.

Insider Transactions at Modine Manufacturing

In related news, Director Eric D. Ashleman sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $288.54, for a total transaction of $4,328,100.00. Following the completion of the transaction, the director directly owned 42,350 shares in the company, valued at $12,219,669. This represents a 26.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric S. Mcginnis sold 1,020 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $295.06, for a total value of $300,961.20. Following the completion of the sale, the insider directly owned 28,364 shares in the company, valued at $8,369,081.84. This represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,302 shares of company stock worth $15,928,759. 1.92% of the stock is currently owned by company insiders.

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.