UBS Group AG Sells 46,557 Shares of Modine Manufacturing Company $MOD

UBS Group AG cut its position in shares of Modine Manufacturing Company (NYSE:MOD) by 8.7% in the fourth quarter, HoldingsChannel reports. The firm owned 491,014 shares of the auto parts company’s stock after selling 46,557 shares during the period. UBS Group AG’s holdings in Modine Manufacturing were worth $65,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MOD. Parkside Financial Bank & Trust raised its holdings in shares of Modine Manufacturing by 17.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 75 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Modine Manufacturing by 3.4% in the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after acquiring an additional 103 shares in the last quarter. Intrust Bank NA raised its position in shares of Modine Manufacturing by 2.3% in the 3rd quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after acquiring an additional 109 shares in the last quarter. BCS Private Wealth Management Inc. raised its position in shares of Modine Manufacturing by 2.8% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 4,525 shares of the auto parts company’s stock worth $643,000 after acquiring an additional 125 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Modine Manufacturing by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 14,752 shares of the auto parts company’s stock worth $2,097,000 after acquiring an additional 176 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Trading Down 2.2%

Shares of NYSE:MOD opened at $261.02 on Tuesday. The business’s 50-day moving average is $223.54 and its 200 day moving average is $179.97. Modine Manufacturing Company has a 1 year low of $86.48 and a 1 year high of $272.61. The firm has a market capitalization of $13.76 billion, a P/E ratio of 145.01, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.19 and a quick ratio of 1.28.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The company had revenue of $805.00 million for the quarter, compared to analyst estimates of $763.54 million. During the same period in the prior year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, research analysts predict that Modine Manufacturing Company will post 4.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MOD shares. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Glj Research began coverage on Modine Manufacturing in a research report on Monday, March 30th. They issued a “buy” rating and a $290.00 price target for the company. Oppenheimer boosted their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Roth Mkm began coverage on shares of Modine Manufacturing in a research note on Wednesday, February 18th. They set a “buy” rating and a $263.00 price objective for the company. Finally, Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.33.

Modine Manufacturing 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.