Calamos Advisors LLC Buys 4,229 Shares of Modine Manufacturing (NYSE:MOD)

Calamos Advisors LLC increased its stake in Modine Manufacturing (NYSE:MOD) by 16.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,695 shares of the auto parts company’s stock after buying an additional 4,229 shares during the quarter. Calamos Advisors LLC’s holdings in Modine Manufacturing were worth $3,443,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after buying an additional 491 shares in the last quarter. Legend Financial Advisors Inc. grew its stake in 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. Harbor Capital Advisors Inc. increased its holdings in Modine Manufacturing by 58.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock worth $9,274,000 after acquiring an additional 25,648 shares during the period. Campbell Newman Asset Management Inc. lifted its stake in Modine Manufacturing by 38.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company’s stock worth $2,811,000 after purchasing an additional 6,786 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Modine Manufacturing by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 157,200 shares of the auto parts company’s stock valued at $20,875,000 after purchasing an additional 26,348 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Trading Up 2.0 %

Shares of MOD opened at $98.40 on Wednesday. Modine Manufacturing has a 1-year low of $67.77 and a 1-year high of $146.84. The company has a market capitalization of $5.17 billion, a P/E ratio of 32.26, a P/E/G ratio of 0.78 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. The firm’s 50 day simple moving average is $124.24 and its 200 day simple moving average is $120.86.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Sell-side analysts forecast that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.