Tema Etfs LLC Acquires Shares of 53,135 Modine Manufacturing Company $MOD

Tema Etfs LLC bought a new stake in Modine Manufacturing Company (NYSE:MOD) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 53,135 shares of the auto parts company’s stock, valued at approximately $7,094,000.

Several other large investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in Modine Manufacturing during the 4th quarter valued at about $27,000. First Horizon Corp acquired a new position in Modine Manufacturing in the third quarter valued at about $38,000. Sunbelt Securities Inc. bought a new stake in Modine Manufacturing during the third quarter worth about $39,000. Danske Bank A S acquired a new stake in shares of Modine Manufacturing during the third quarter worth approximately $43,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Modine Manufacturing during the second quarter worth approximately $57,000. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Up 2.8%

MOD opened at $222.75 on Thursday. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $243.80. The stock has a market capitalization of $11.75 billion, a PE ratio of 123.75, a PEG ratio of 1.32 and a beta of 1.68. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $204.33 and a two-hundred day moving average price of $166.37.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $763.54 million. Modine Manufacturing had a net margin of 3.40% and a return on equity of 22.99%. Modine Manufacturing’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director Suresh V. Garimella sold 1,100 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the transaction, the director directly owned 79,856 shares in the company, valued at approximately $14,699,093.92. This trade represents a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MOD shares. Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Zacks Research raised Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Glj Research assumed coverage on Modine Manufacturing in a research report on Monday. They issued a “buy” rating and a $290.00 price objective for the company. Roth Mkm started coverage on Modine Manufacturing in a research note on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Modine Manufacturing presently has a consensus rating of “Buy” and an average target price of $234.33.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.