Reinhart Partners LLC. Reduces Stake in Modine Manufacturing (NYSE:MOD)

Reinhart Partners LLC. lessened its holdings in shares of Modine Manufacturing (NYSE:MOD) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,808 shares of the auto parts company’s stock after selling 864 shares during the period. Modine Manufacturing comprises approximately 1.4% of Reinhart Partners LLC.’s investment portfolio, making the stock its 28th biggest position. Reinhart Partners LLC. owned 0.58% of Modine Manufacturing worth $35,336,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. West Oak Capital LLC boosted its position in shares of Modine Manufacturing by 298.3% during the fourth quarter. West Oak Capital LLC now owns 2,390 shares of the auto parts company’s stock valued at $277,000 after buying an additional 1,790 shares during the period. Legend Financial Advisors Inc. raised its stake in shares of Modine Manufacturing by 2.9% during the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock valued at $1,151,000 after acquiring an additional 279 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Modine Manufacturing by 2.4% during the third quarter. Principal Financial Group Inc. now owns 1,152,735 shares of the auto parts company’s stock valued at $153,072,000 after acquiring an additional 26,527 shares in the last quarter. American Trust bought a new stake in shares of Modine Manufacturing during the third quarter valued at approximately $268,000. Finally, Franklin Resources Inc. raised its stake in shares of Modine Manufacturing by 33.2% during the third quarter. Franklin Resources Inc. now owns 266,731 shares of the auto parts company’s stock valued at $35,550,000 after acquiring an additional 66,484 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 1.6 %

NYSE:MOD traded down $1.87 during trading hours on Monday, reaching $116.96. The company’s stock had a trading volume of 422,398 shares, compared to its average volume of 636,476. The company has a market capitalization of $6.14 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 1.01 and a beta of 2.34. Modine Manufacturing has a 12 month low of $60.00 and a 12 month high of $146.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The stock has a 50 day moving average price of $126.83 and a two-hundred day moving average price of $119.36.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $646.86 million. During the same period in the previous year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. DA Davidson lifted their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Modine Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $146.67.

About Modine Manufacturing

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.