Neumeier Poma Investment Counsel LLC Acquires 6,901 Shares of Modine Manufacturing Company $MOD

Neumeier Poma Investment Counsel LLC increased its stake in Modine Manufacturing Company (NYSE:MOD) by 5.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 140,062 shares of the auto parts company’s stock after buying an additional 6,901 shares during the quarter. Neumeier Poma Investment Counsel LLC owned 0.27% of Modine Manufacturing worth $19,911,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Modine Manufacturing by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock valued at $722,297,000 after acquiring an additional 97,035 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Modine Manufacturing by 1.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after purchasing an additional 23,955 shares during the last quarter. State Street Corp raised its holdings in shares of Modine Manufacturing by 4.2% in the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after purchasing an additional 53,351 shares during the period. Geode Capital Management LLC lifted its stake in Modine Manufacturing by 1.2% in the second quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company’s stock valued at $119,690,000 after purchasing an additional 14,096 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Modine Manufacturing by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock valued at $166,540,000 after purchasing an additional 151,543 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Insider Buying and Selling

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the completion of the sale, the chief executive officer directly owned 238,312 shares in the company, valued at $38,263,374.72. The trade was a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $202,477.00. Following the completion of the transaction, the director directly owned 79,856 shares in the company, valued at $14,699,093.92. The trade was a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 34,071 shares of company stock worth $5,484,685 over the last ninety days. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Price Performance

NYSE:MOD opened at $230.16 on Thursday. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $243.80. The stock has a fifty day moving average of $166.50 and a 200 day moving average of $154.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 127.87, a P/E/G ratio of 1.44 and a beta of 1.71.

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

Wall Street Analysts Forecast Growth

MOD has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. Roth Mkm assumed coverage on Modine Manufacturing in a report on Wednesday, February 18th. They issued a “buy” rating and a $263.00 price objective for the company. DA Davidson upped their price objective on shares of Modine Manufacturing from $255.00 to $265.00 and gave the company a “buy” rating in a report on Monday, February 9th. UBS Group began coverage on shares of Modine Manufacturing in a research note on Thursday, November 20th. They issued a “buy” rating and a $173.00 target price for the company. Finally, Zacks Research raised shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Modine Manufacturing presently has an average rating of “Buy” and an average price target of $223.20.

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.