Kennedy Capital Management LLC Has $15.14 Million Holdings in Modine Manufacturing Company $MOD

Kennedy Capital Management LLC boosted its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,360 shares of the auto parts company’s stock after purchasing an additional 47,478 shares during the quarter. Kennedy Capital Management LLC owned 0.21% of Modine Manufacturing worth $15,135,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in Modine Manufacturing during the 4th quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in Modine Manufacturing in the 3rd quarter valued at $39,000. Danske Bank A S bought a new stake in Modine Manufacturing in the 3rd quarter valued at $43,000. Root Financial Partners LLC increased its holdings in Modine Manufacturing by 140.5% in the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after buying an additional 215 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Modine Manufacturing by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 439 shares of the auto parts company’s stock valued at $59,000 after buying an additional 162 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Up 0.6%

MOD opened at $273.16 on Friday. The firm’s 50-day simple moving average is $260.23 and its 200-day simple moving average is $205.14. 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 twelve month low of $86.48 and a twelve month high of $323.25. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 121.95, a PEG ratio of 0.89 and a beta of 1.65.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MOD. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Oppenheimer boosted their price target on shares of Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. DA Davidson boosted their price target on shares of Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a report on Friday, May 29th. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, UBS Group boosted their price target on shares of Modine Manufacturing to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Modine Manufacturing has an average rating of “Moderate Buy” and an average price target of $327.14.

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.