DGS Capital Management LLC Reduces Holdings in Modine Manufacturing (NYSE:MOD)

DGS Capital Management LLC lessened its stake in Modine Manufacturing (NYSE:MOD) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,485 shares of the auto parts company’s stock after selling 243 shares during the quarter. DGS Capital Management LLC’s holdings in Modine Manufacturing were worth $463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise lifted its position in Modine Manufacturing by 9.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 104 shares during the period. Xponance Inc. increased its holdings in Modine Manufacturing by 4.9% in the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock valued at $328,000 after buying an additional 153 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Modine Manufacturing by 0.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock valued at $2,123,000 after purchasing an additional 155 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Modine Manufacturing by 2.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 200 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Modine Manufacturing by 7.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 212 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOD has been the subject of a number of analyst reports. DA Davidson boosted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Oppenheimer raised their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

Modine Manufacturing Stock Up 3.0 %

Shares of Modine Manufacturing stock opened at $132.08 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.77 and a quick ratio of 1.09. Modine Manufacturing has a 1-year low of $54.35 and a 1-year high of $146.84. The business has a 50-day moving average of $130.36 and a 200-day moving average of $115.63. The company has a market capitalization of $6.93 billion, a PE ratio of 43.31, a P/E/G ratio of 1.01 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. As a group, equities analysts forecast that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.