Modine Manufacturing Co. (NYSE:MOD) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $29.33 for the company and are predicting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given Modine Manufacturing an industry rank of 104 out of 255 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on MOD shares. Zacks Investment Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Friday, April 13th.
Shares of Modine Manufacturing opened at $18.80 on Friday, Marketbeat.com reports. The company has a market cap of $951.97 million, a PE ratio of 12.21 and a beta of 1.34. Modine Manufacturing has a 12-month low of $15.25 and a 12-month high of $25.75. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.
Modine Manufacturing (NYSE:MOD) last issued its earnings results on Wednesday, May 23rd. The auto parts company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $566.60 million during the quarter, compared to the consensus estimate of $528.02 million. Modine Manufacturing had a return on equity of 16.97% and a net margin of 1.06%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. equities research analysts expect that Modine Manufacturing will post 1.61 earnings per share for the current year.
In related news, Director Larry Oscar Moore sold 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $17.80, for a total value of $96,120.00. Following the sale, the director now owns 40,259 shares in the company, valued at approximately $716,610.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marsha C. Williams sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $20.91, for a total value of $313,650.00. Following the completion of the sale, the director now owns 84,541 shares in the company, valued at approximately $1,767,752.31. The disclosure for this sale can be found here. Corporate insiders own 4.42% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in shares of Modine Manufacturing by 3.9% in the 1st quarter. Swiss National Bank now owns 87,300 shares of the auto parts company’s stock worth $1,846,000 after acquiring an additional 3,300 shares during the period. Citadel Advisors LLC grew its holdings in shares of Modine Manufacturing by 8.4% in the 4th quarter. Citadel Advisors LLC now owns 52,058 shares of the auto parts company’s stock worth $1,052,000 after acquiring an additional 4,041 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of Modine Manufacturing by 6.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 70,300 shares of the auto parts company’s stock worth $1,487,000 after acquiring an additional 4,100 shares during the period. First Mercantile Trust Co. grew its holdings in shares of Modine Manufacturing by 91.4% in the 1st quarter. First Mercantile Trust Co. now owns 9,893 shares of the auto parts company’s stock worth $209,000 after acquiring an additional 4,723 shares during the period. Finally, Northern Trust Corp grew its holdings in Modine Manufacturing by 0.5% during the 1st quarter. Northern Trust Corp now owns 967,982 shares of the auto parts company’s stock valued at $20,472,000 after buying an additional 4,936 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
Modine Manufacturing Company Profile
Modine Manufacturing Company develops, manufactures, and markets engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer vehicular applications. The company operates through Americas, Europe, Asia, and Building HVAC segments. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products.
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