Modine Manufacturing Co. (NYSE:MOD) has received an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.00.
Several equities analysts have recently weighed in on the company. TheStreet cut Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. DA Davidson restated a “neutral” rating on shares of Modine Manufacturing in a report on Wednesday, September 11th. ValuEngine upgraded Modine Manufacturing from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Robert W. Baird cut Modine Manufacturing from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $9.00 in a report on Monday. Finally, Dougherty & Co cut Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday.
Shares of NYSE MOD traded up $0.43 during mid-day trading on Monday, hitting $7.45. The company had a trading volume of 1,025,757 shares, compared to its average volume of 243,187. The company has a market capitalization of $599.32 million, a PE ratio of 4.75, a price-to-earnings-growth ratio of 0.87 and a beta of 1.99. The firm has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $12.41. 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 has a one year low of $6.82 and a one year high of $16.67.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Thursday, November 7th. The auto parts company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.12). The company had revenue of $500.20 million during the quarter, compared to the consensus estimate of $514.27 million. Modine Manufacturing had a net margin of 3.25% and a return on equity of 14.19%. Modine Manufacturing’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Sell-side analysts expect that Modine Manufacturing will post 1.36 earnings per share for the current fiscal year.
In related news, insider Hanna Julian 500,000 shares of the business’s stock in a transaction on Friday, October 11th. Company insiders own 5.01% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Modine Manufacturing during the second quarter worth approximately $31,000. A.R.T. Advisors LLC acquired a new stake in Modine Manufacturing during the second quarter worth approximately $215,000. Aperio Group LLC lifted its position in Modine Manufacturing by 9.1% during the second quarter. Aperio Group LLC now owns 16,068 shares of the auto parts company’s stock worth $230,000 after acquiring an additional 1,340 shares during the last quarter. Stone Ridge Asset Management LLC lifted its position in Modine Manufacturing by 7.2% during the second quarter. Stone Ridge Asset Management LLC now owns 17,807 shares of the auto parts company’s stock worth $255,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Modine Manufacturing during the second quarter worth approximately $267,000. Institutional investors and hedge funds own 87.14% of the company’s stock.
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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