Moody National Bank Trust Division Sells 516 Shares of Modine Manufacturing (NYSE:MOD)

Moody National Bank Trust Division decreased its holdings in Modine Manufacturing (NYSE:MOD) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,133 shares of the auto parts company’s stock after selling 516 shares during the period. Moody National Bank Trust Division’s holdings in Modine Manufacturing were worth $1,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Modine Manufacturing in the 2nd quarter worth $68,000. Private Trust Co. NA grew its stake in Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 670 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares in the last quarter. KBC Group NV lifted its position in shares of Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock valued at $193,000 after buying an additional 471 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Modine Manufacturing in the 3rd quarter valued at about $196,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MOD shares. Oppenheimer boosted their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson upped their price objective on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.67.

Modine Manufacturing Stock Down 0.2 %

Modine Manufacturing stock opened at $118.54 on Tuesday. The business’s 50-day moving average price is $127.01 and its 200 day moving average price is $119.51. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 1.01 and a beta of 2.34. Modine Manufacturing has a 52 week low of $60.00 and a 52 week high of $146.84.

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

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.