Barclays PLC Has $772,000 Stake in Modine Manufacturing (NYSE:MOD)

Barclays PLC raised its stake in shares of Modine Manufacturing (NYSE:MOD - Free Report) by 41.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 33,479 shares of the auto parts company's stock after purchasing an additional 9,821 shares during the period. Barclays PLC owned approximately 0.06% of Modine Manufacturing worth $772,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MOD. Swiss National Bank lifted its position in shares of Modine Manufacturing by 2.6% during the 4th quarter. Swiss National Bank now owns 113,000 shares of the auto parts company's stock worth $2,244,000 after buying an additional 2,900 shares in the last quarter. Phocas Financial Corp. lifted its position in shares of Modine Manufacturing by 1.0% during the 1st quarter. Phocas Financial Corp. now owns 423,976 shares of the auto parts company's stock worth $9,773,000 after buying an additional 4,147 shares in the last quarter. CWM LLC lifted its position in shares of Modine Manufacturing by 441.7% during the 1st quarter. CWM LLC now owns 16,250 shares of the auto parts company's stock worth $375,000 after buying an additional 13,250 shares in the last quarter. Portolan Capital Management LLC bought a new position in shares of Modine Manufacturing during the 4th quarter worth approximately $6,048,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Modine Manufacturing in the 4th quarter worth approximately $379,000. Institutional investors and hedge funds own 90.11% of the company's stock.

In other news, Director Marsha C. Williams sold 17,286 shares of the business's stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $44.63, for a total transaction of $771,474.18. Following the completion of the transaction, the director now directly owns 172,074 shares in the company, valued at approximately $7,679,662.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Marsha C. Williams sold 17,286 shares of the business's stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $44.63, for a total transaction of $771,474.18. Following the completion of the transaction, the director now directly owns 172,074 shares in the company, valued at approximately $7,679,662.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael B. Lucareli sold 37,746 shares of the business's stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $45.95, for a total transaction of $1,734,428.70. Following the transaction, the chief financial officer now owns 293,012 shares of the company's stock, valued at $13,463,901.40. The disclosure for this sale can be found here. Insiders sold 88,029 shares of company stock worth $3,525,828 in the last three months. Corporate insiders own 2.86% of the company's stock.

A number of research firms recently commented on MOD. StockNews.com began coverage on shares of Modine Manufacturing in a report on Thursday, August 17th. They issued a "strong-buy" rating on the stock. CJS Securities began coverage on shares of Modine Manufacturing in a report on Tuesday, June 13th. They issued an "outperform" rating on the stock. DA Davidson lifted their price target on shares of Modine Manufacturing from $38.00 to $43.00 in a report on Friday, June 23rd. Finally, B. Riley lifted their price target on shares of Modine Manufacturing from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, August 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Modine Manufacturing has an average rating of "Buy" and an average price target of $43.33.

Get Our Latest Stock Analysis on Modine Manufacturing

Modine Manufacturing stock opened at $44.85 on Friday. Modine Manufacturing has a 1-year low of $12.85 and a 1-year high of $47.48. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.65 and a beta of 2.28. The company has a current ratio of 1.76, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $37.68 and a 200 day simple moving average of $28.49.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.42. Modine Manufacturing had a net margin of 7.72% and a return on equity of 23.96%. The business had revenue of $622.40 million during the quarter, compared to analyst estimates of $563.10 million. On average, analysts predict that Modine Manufacturing will post 2.72 earnings per share for the current year.

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.

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