State Street Corp Has $161.99 Million Position in Modine Manufacturing (NYSE:MOD)

State Street Corp grew its holdings in shares of Modine Manufacturing (NYSE:MOD) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 1,219,916 shares of the auto parts company’s stock after acquiring an additional 18,108 shares during the quarter. State Street Corp’s holdings in Modine Manufacturing were worth $161,993,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Banque Cantonale Vaudoise grew its holdings 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 position in Modine Manufacturing by 4.9% in the 2nd 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 position 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 buying an additional 155 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Modine Manufacturing by 2.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock valued at $701,000 after buying an additional 200 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Modine Manufacturing by 7.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,132 shares of the auto parts company’s stock valued at $314,000 after buying an additional 212 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Performance

Shares of MOD opened at $132.08 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77. The stock has a 50 day moving average price of $130.36 and a two-hundred day moving average price of $115.63. The firm has a market capitalization of $6.93 billion, a P/E ratio of 43.31, a P/E/G ratio of 1.01 and a beta of 2.31. Modine Manufacturing has a 52 week low of $54.35 and a 52 week high of $146.84.

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

Wall Street Analyst Weigh In

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

About Modine Manufacturing

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.