Strs Ohio Has $858,000 Position in Modine Manufacturing Co. (MOD)

Strs Ohio increased its position in Modine Manufacturing Co. (NYSE:MOD) by 263.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,500 shares of the auto parts company’s stock after buying an additional 30,800 shares during the quarter. Strs Ohio’s holdings in Modine Manufacturing were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MOD. Schwab Charles Investment Management Inc. increased its stake in shares of Modine Manufacturing by 15.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 254,612 shares of the auto parts company’s stock worth $4,214,000 after buying an additional 33,237 shares during the period. Legal & General Group Plc increased its stake in shares of Modine Manufacturing by 3.2% in the second quarter. Legal & General Group Plc now owns 16,260 shares of the auto parts company’s stock worth $269,000 after buying an additional 497 shares during the period. Swiss National Bank increased its stake in shares of Modine Manufacturing by 6.9% in the second quarter. Swiss National Bank now owns 84,000 shares of the auto parts company’s stock worth $1,390,000 after buying an additional 5,400 shares during the period. Teachers Advisors LLC increased its stake in shares of Modine Manufacturing by 6.8% in the second quarter. Teachers Advisors LLC now owns 112,977 shares of the auto parts company’s stock worth $1,870,000 after buying an additional 7,190 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Modine Manufacturing by 18.0% in the second quarter. Ameriprise Financial Inc. now owns 514,793 shares of the auto parts company’s stock worth $8,519,000 after buying an additional 78,470 shares during the period. 80.81% of the stock is currently owned by institutional investors.

In other news, COO Thomas F. Marry sold 5,492 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $20.98, for a total transaction of $115,222.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Thomas F. Marry sold 7,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $21.97, for a total transaction of $153,790.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,327 shares of company stock worth $916,526. 4.42% of the stock is currently owned by company insiders.

Several analysts recently weighed in on MOD shares. Zacks Investment Research upgraded shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Wednesday, October 11th. ValuEngine cut shares of Modine Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Monday, December 4th.

Shares of Modine Manufacturing Co. (NYSE MOD) opened at $23.65 on Thursday. The firm has a market cap of $1,188.36, a price-to-earnings ratio of 16.24 and a beta of 1.34. Modine Manufacturing Co. has a fifty-two week low of $10.10 and a fifty-two week high of $24.90. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.84.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, January 30th. The auto parts company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $512.70 million for the quarter, compared to analysts’ expectations of $456.30 million. Modine Manufacturing had a net margin of 0.62% and a return on equity of 16.54%. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. equities analysts expect that Modine Manufacturing Co. will post 1.5 EPS for the current year.

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Modine Manufacturing Company Profile

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

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