Neumeier Poma Investment Counsel LLC Has $16.30 Million Holdings in Modine Manufacturing Company $MOD

Neumeier Poma Investment Counsel LLC lessened its position in shares of Modine Manufacturing Company (NYSE:MOD) by 12.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 122,052 shares of the auto parts company’s stock after selling 18,010 shares during the quarter. Neumeier Poma Investment Counsel LLC’s holdings in Modine Manufacturing were worth $16,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Modine Manufacturing during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new position in shares of Modine Manufacturing during the 3rd quarter worth approximately $39,000. Danske Bank A S bought a new position in shares of Modine Manufacturing during the 3rd quarter worth approximately $43,000. Root Financial Partners LLC lifted its position in shares of Modine Manufacturing by 140.5% during the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock worth $49,000 after buying an additional 215 shares during the period. Finally, AdvisorShares Investments LLC lifted its position in shares of Modine Manufacturing by 154.0% during the 3rd quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Trading Down 0.4%

Shares of MOD opened at $300.94 on Friday. The stock has a fifty day moving average price of $253.63 and a two-hundred day moving average price of $199.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $323.25. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 134.35, a PEG ratio of 0.98 and a beta of 1.65.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm had revenue of $954.40 million during the quarter, compared to the consensus estimate of $920.67 million. During the same quarter in the previous year, the company posted $1.12 EPS. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. Analysts predict that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on MOD. B. Riley Financial raised their target price on Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. KeyCorp raised their target price on Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Weiss Ratings upgraded Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Roth Mkm began coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They set a “buy” rating and a $263.00 target price for the company. Finally, Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.14.

About Modine Manufacturing

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.