Modine Manufacturing Company $MOD Holdings Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Modine Manufacturing Company (NYSE:MOD) by 36.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 376,530 shares of the auto parts company’s stock after selling 219,957 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Modine Manufacturing were worth $50,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its holdings in shares of Modine Manufacturing by 17.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 500 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 75 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Modine Manufacturing by 3.4% during 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 during the period. Intrust Bank NA lifted its holdings in shares of Modine Manufacturing by 2.3% during 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 during the period. Arizona State Retirement System lifted its holdings in shares of Modine Manufacturing by 1.2% during 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 during the period. Finally, Xponance Inc. lifted its holdings in shares of Modine Manufacturing by 4.3% during the 3rd quarter. Xponance Inc. now owns 4,349 shares of the auto parts company’s stock worth $618,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 6.9%

Shares of NYSE MOD opened at $271.88 on Friday. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $294.05. The company has a market cap of $14.34 billion, a PE ratio of 151.04, a P/E/G ratio of 1.10 and a beta of 1.66. 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 company has a 50-day moving average of $232.82 and a two-hundred day moving average of $187.40.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MOD. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Oppenheimer raised their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Modine Manufacturing in a report on Wednesday, May 6th. Glj Research initiated coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They set a “buy” rating and a $290.00 price target for the company. Finally, Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Modine Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target 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.