Public Employees Retirement Association of Colorado reduced its stake in Modine Manufacturing Company (NYSE:MOD) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 19,985 shares of the auto parts company’s stock after selling 13 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Modine Manufacturing Company were worth $244,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Putnam Investments LLC acquired a new stake in Modine Manufacturing Company during the fourth quarter valued at approximately $5,838,000. Russell Investments Group Ltd. increased its stake in Modine Manufacturing Company by 215.4% in the first quarter. Russell Investments Group Ltd. now owns 450,514 shares of the auto parts company’s stock valued at $5,497,000 after buying an additional 307,680 shares during the last quarter. DnB Asset Management AS increased its stake in Modine Manufacturing Company by 22.9% in the first quarter. DnB Asset Management AS now owns 1,334,355 shares of the auto parts company’s stock valued at $16,279,000 after buying an additional 248,371 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Modine Manufacturing Company by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,181,913 shares of the auto parts company’s stock valued at $47,411,000 after buying an additional 162,923 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Modine Manufacturing Company during the first quarter valued at approximately $1,945,000. Institutional investors own 84.30% of the company’s stock.

Institutional Ownership by Quarter for Modine Manufacturing Company (NYSE:MOD)

Modine Manufacturing Company (NYSE MOD) opened at 16.65 on Friday. Modine Manufacturing Company has a 12 month low of $8.45 and a 12 month high of $17.38. The stock has a market capitalization of $833.82 million, a PE ratio of 57.02 and a beta of 1.22. The firm has a 50-day moving average price of $14.19 and a 200 day moving average price of $13.09.

Modine Manufacturing Company (NYSE:MOD) last posted its earnings results on Wednesday, May 24th. The auto parts company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $488.30 million for the quarter, compared to analyst estimates of $468.37 million. Modine Manufacturing Company had a return on equity of 9.27% and a net margin of 0.94%. Modine Manufacturing Company’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. Equities analysts anticipate that Modine Manufacturing Company will post $1.27 earnings per share for the current year.

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Several equities research analysts recently commented on MOD shares. Zacks Investment Research upgraded Modine Manufacturing Company from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. ValuEngine downgraded Modine Manufacturing Company from a “buy” rating to a “hold” rating in a report on Friday, May 26th.

In other Modine Manufacturing Company news, VP Scott D. Wollenberg sold 5,736 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $15.95, for a total transaction of $91,489.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.90% of the stock is owned by company insiders.

About Modine Manufacturing Company

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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