Modine Manufacturing (NYSE:MOD) Stock Holdings Lessened by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lowered its stake in Modine Manufacturing (NYSE:MOD) by 34.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,455 shares of the auto parts company’s stock after selling 9,341 shares during the period. Ausbil Investment Management Ltd’s holdings in Modine Manufacturing were worth $2,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. EMC Capital Management increased its holdings in shares of Modine Manufacturing by 591.0% in the fourth quarter. EMC Capital Management now owns 5,618 shares of the auto parts company’s stock valued at $651,000 after buying an additional 4,805 shares in the last quarter. Bay Rivers Group increased its holdings in shares of Modine Manufacturing by 6.5% in the fourth quarter. Bay Rivers Group now owns 6,099 shares of the auto parts company’s stock valued at $707,000 after buying an additional 372 shares in the last quarter. KBC Group NV increased its holdings in shares of Modine Manufacturing by 42.7% in the fourth quarter. KBC Group NV now owns 2,078 shares of the auto parts company’s stock valued at $241,000 after buying an additional 622 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Modine Manufacturing by 21.7% in the fourth quarter. PFG Investments LLC now owns 2,801 shares of the auto parts company’s stock valued at $325,000 after buying an additional 500 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Modine Manufacturing by 10.4% in the fourth quarter. Inspire Investing LLC now owns 3,442 shares of the auto parts company’s stock valued at $399,000 after buying an additional 325 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of NYSE:MOD opened at $101.30 on Friday. The company’s fifty day moving average is $125.89 and its two-hundred day moving average is $120.89. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12-month low of $60.00 and a 12-month high of $146.84. The company has a market cap of $5.32 billion, a P/E ratio of 33.21, a price-to-earnings-growth ratio of 0.75 and a beta of 2.34.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer upped their price target on Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, October 31st.

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.