Kirr Marbach & Co. LLC IN Purchases New Position in Modine Manufacturing Co. (MOD)
Kirr Marbach & Co. LLC IN purchased a new stake in Modine Manufacturing Co. (NYSE:MOD) during the first quarter, Holdings Channel reports. The firm purchased 21,940 shares of the auto parts company’s stock, valued at approximately $268,000.
Several other hedge funds and other institutional investors have also modified their holdings of MOD. Aperio Group LLC increased its stake in shares of Modine Manufacturing by 23.1% in the third quarter. Aperio Group LLC now owns 12,871 shares of the auto parts company’s stock valued at $153,000 after buying an additional 2,419 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Modine Manufacturing during the fourth quarter valued at approximately $194,000. Wells Fargo & Company MN increased its stake in shares of Modine Manufacturing by 0.9% in the third quarter. Wells Fargo & Company MN now owns 18,487 shares of the auto parts company’s stock valued at $219,000 after buying an additional 173 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Modine Manufacturing during the fourth quarter valued at approximately $281,000. Finally, First Trust Advisors LP increased its stake in shares of Modine Manufacturing by 16.6% in the third quarter. First Trust Advisors LP now owns 25,972 shares of the auto parts company’s stock valued at $308,000 after buying an additional 3,697 shares during the period. Institutional investors own 84.29% of the company’s stock.
Shares of Modine Manufacturing Co. (NYSE:MOD) traded down 0.45% during mid-day trading on Friday, hitting $10.95. 134,401 shares of the stock were exchanged. The stock has a market cap of $548.28 million, a PE ratio of 37.76 and a beta of 1.36. The stock’s 50 day moving average is $11.26 and its 200-day moving average is $12.33. Modine Manufacturing Co. has a 12 month low of $8.45 and a 12 month high of $16.35.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Monday, February 6th. The auto parts company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Modine Manufacturing had a return on equity of 9.39% and a net margin of 1.02%. The company earned $349.80 million during the quarter, compared to analysts’ expectations of $362.96 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts anticipate that Modine Manufacturing Co. will post $0.76 EPS for the current year.
MOD has been the topic of several recent analyst reports. Gabelli initiated coverage on shares of Modine Manufacturing in a research report on Tuesday, January 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, February 8th.
About Modine Manufacturing
Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.
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