Modine Manufacturing Company (NYSE:MOD) Given Consensus Rating of “Moderate Buy” by Brokerages

Modine Manufacturing Company (NYSE:MOD) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $234.3333.

A number of equities analysts have recently commented on the stock. Glj Research assumed 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 for the company. DA Davidson restated a “buy” rating and set a $265.00 price objective on shares of Modine Manufacturing in a research note on Tuesday, March 31st. Roth Mkm assumed 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 for the company. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th.

Modine Manufacturing Price Performance

MOD stock opened at $261.71 on Friday. The stock has a 50-day moving average price of $238.14 and a two-hundred day moving average price of $190.70. The stock has a market cap of $13.80 billion, a PE ratio of 145.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. Modine Manufacturing has a 1 year low of $86.48 and a 1 year high of $294.05.

Institutional Investors Weigh In On Modine Manufacturing

Several hedge funds have recently bought and sold shares of the company. Argent Capital Management LLC lifted its stake in Modine Manufacturing by 25.4% in the 1st quarter. Argent Capital Management LLC now owns 10,169 shares of the auto parts company’s stock valued at $2,204,000 after purchasing an additional 2,060 shares during the last quarter. E20 Capital Ltd lifted its stake in Modine Manufacturing by 212.6% in the 1st quarter. E20 Capital Ltd now owns 115,013 shares of the auto parts company’s stock valued at $24,924,000 after purchasing an additional 78,224 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Modine Manufacturing by 2,249.9% in the 1st quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock valued at $113,459,000 after purchasing an additional 501,229 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Modine Manufacturing during the first quarter worth approximately $157,000. Finally, Cim LLC acquired a new stake in Modine Manufacturing during the first quarter worth approximately $1,452,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

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.