Shares of Modine Manufacturing Co. (NYSE:MOD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $23.00 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Modine Manufacturing an industry rank of 217 out of 256 based on the ratings given to related companies.
Several equities analysts have commented on MOD shares. Zacks Investment Research upgraded shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet raised shares of Modine Manufacturing from a “c+” rating to a “b-” rating in a research report on Monday, July 1st. Finally, ValuEngine cut shares of Modine Manufacturing from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st.
Several institutional investors have recently made changes to their positions in the company. LSV Asset Management boosted its stake in Modine Manufacturing by 0.7% during the second quarter. LSV Asset Management now owns 1,638,139 shares of the auto parts company’s stock valued at $23,441,000 after buying an additional 11,500 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Modine Manufacturing by 43.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,013,618 shares of the auto parts company’s stock worth $14,505,000 after buying an additional 307,036 shares in the last quarter. Northern Trust Corp increased its stake in Modine Manufacturing by 1.9% during the 2nd quarter. Northern Trust Corp now owns 989,102 shares of the auto parts company’s stock worth $14,154,000 after buying an additional 18,630 shares in the last quarter. Gabelli Funds LLC increased its stake in Modine Manufacturing by 0.4% during the 1st quarter. Gabelli Funds LLC now owns 951,000 shares of the auto parts company’s stock worth $13,190,000 after buying an additional 4,000 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in Modine Manufacturing during the 2nd quarter worth approximately $12,756,000. 87.33% of the stock is owned by institutional investors.
Shares of NYSE:MOD traded down $0.23 on Monday, hitting $9.87. The company had a trading volume of 10,677 shares, compared to its average volume of 324,409. Modine Manufacturing has a 1-year low of $9.72 and a 1-year high of $18.50. The stock has a market cap of $506.96 million, a price-to-earnings ratio of 6.28 and a beta of 1.94. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $14.17. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 0.55.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.05). Modine Manufacturing had a net margin of 3.25% and a return on equity of 14.19%. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $544.88 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Modine Manufacturing’s revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that Modine Manufacturing will post 1.41 earnings per share for the current fiscal year.
Modine Manufacturing Company Profile
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.
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