Fiera Capital Corp Makes New $21.20 Million Investment in Modine Manufacturing (NYSE:MOD)

Fiera Capital Corp purchased a new stake in Modine Manufacturing (NYSE:MOD) during the third quarter, Holdings Channel.com reports. The firm purchased 159,613 shares of the auto parts company’s stock, valued at approximately $21,195,000.

Several other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in Modine Manufacturing in the first quarter valued at about $37,000. Opal Wealth Advisors LLC purchased a new position in shares of Modine Manufacturing in the 2nd quarter worth approximately $51,000. West Oak Capital LLC grew its position in shares of Modine Manufacturing by 300.0% in the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock worth $60,000 after buying an additional 450 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Modine Manufacturing during the second quarter valued at approximately $64,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Modine Manufacturing in the second quarter valued at approximately $68,000. 95.23% of the stock is owned by institutional investors.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 34,400 shares of Modine Manufacturing stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the sale, the director now owns 144,038 shares of the company’s stock, valued at approximately $15,806,730.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $127.95 on Friday. The business has a fifty day moving average of $123.21 and a 200 day moving average of $109.74. Modine Manufacturing has a 1 year low of $42.65 and a 1 year high of $141.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 0.96 and a beta of 2.25.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $646.86 million. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, research analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MOD shares. DA Davidson upped their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. William Blair started coverage on Modine Manufacturing in a research note on Monday, July 29th. They issued an “outperform” rating for the company. B. Riley raised their price target on Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.67.

Modine Manufacturing Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.