DGS Capital Management LLC Has $390,000 Holdings in Modine Manufacturing (NYSE:MOD)

DGS Capital Management LLC trimmed its holdings in Modine Manufacturing (NYSE:MOD) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,361 shares of the auto parts company’s stock after selling 124 shares during the period. DGS Capital Management LLC’s holdings in Modine Manufacturing were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA raised its holdings in Modine Manufacturing by 650.5% in the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 670 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares during the period. Nisa Investment Advisors LLC raised its stake in Modine Manufacturing by 6.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares in the last quarter. KBC Group NV lifted its position in Modine Manufacturing by 47.8% during the third quarter. KBC Group NV now owns 1,456 shares of the auto parts company’s stock worth $193,000 after purchasing an additional 471 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Modine Manufacturing during the third quarter worth about $196,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $132.50 on Friday. Modine Manufacturing has a twelve month low of $60.00 and a twelve month high of $146.84. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $128.76 and its 200 day simple moving average is $121.12. The firm has a market capitalization of $6.96 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.10 and a beta of 2.34.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. On average, analysts anticipate that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their target price on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.67.

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.