SG Americas Securities LLC Acquires 4,428 Shares of Modine Manufacturing (NYSE:MOD)

SG Americas Securities LLC increased its holdings in Modine Manufacturing (NYSE:MOD - Free Report) by 25.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 22,059 shares of the auto parts company's stock after buying an additional 4,428 shares during the quarter. SG Americas Securities LLC's holdings in Modine Manufacturing were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MOD. Swiss National Bank grew its stake in shares of Modine Manufacturing by 2.6% in the fourth quarter. Swiss National Bank now owns 113,000 shares of the auto parts company's stock worth $2,244,000 after acquiring an additional 2,900 shares during the period. Phocas Financial Corp. grew its stake in shares of Modine Manufacturing by 1.0% in the first quarter. Phocas Financial Corp. now owns 423,976 shares of the auto parts company's stock worth $9,773,000 after acquiring an additional 4,147 shares during the period. Portolan Capital Management LLC bought a new stake in shares of Modine Manufacturing in the fourth quarter worth approximately $6,048,000. Thoroughbred Financial Services LLC bought a new stake in shares of Modine Manufacturing in the fourth quarter worth approximately $299,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Modine Manufacturing in the fourth quarter worth approximately $379,000. Hedge funds and other institutional investors own 90.11% of the company's stock.

In other Modine Manufacturing news, CFO Michael B. Lucareli sold 15,255 shares of Modine Manufacturing stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $30.13, for a total transaction of $459,633.15. Following the transaction, the chief financial officer now owns 299,604 shares of the company's stock, valued at $9,027,068.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Modine Manufacturing news, CFO Michael B. Lucareli sold 15,255 shares of Modine Manufacturing stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $30.13, for a total transaction of $459,633.15. Following the transaction, the chief financial officer now owns 299,604 shares of the company's stock, valued at $9,027,068.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry Oscar Moore sold 17,742 shares of the business's stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $31.58, for a total transaction of $560,292.36. Following the completion of the transaction, the director now directly owns 57,773 shares in the company, valued at approximately $1,824,471.34. The disclosure for this sale can be found here. Insiders own 2.86% of the company's stock.

Shares of NYSE MOD opened at $38.16 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. Modine Manufacturing has a 12-month low of $12.85 and a 12-month high of $38.45. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.64 and a beta of 2.28. The firm has a 50 day moving average of $33.03 and a 200 day moving average of $26.08.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Thursday, May 25th. The auto parts company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. Modine Manufacturing had a net margin of 6.66% and a return on equity of 20.75%. The business had revenue of $618.10 million for the quarter, compared to the consensus estimate of $583.70 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Modine Manufacturing will post 2.35 earnings per share for the current year.

A number of analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Modine Manufacturing in a research note on Thursday, May 18th. They issued a "strong-buy" rating for the company. DA Davidson boosted their target price on shares of Modine Manufacturing from $38.00 to $43.00 in a research report on Friday, June 23rd. CJS Securities initiated coverage on shares of Modine Manufacturing in a research report on Tuesday, June 13th. They set an "outperform" rating for the company. Finally, B. Riley boosted their target price on shares of Modine Manufacturing from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Modine Manufacturing currently has an average rating of "Buy" and an average target price of $40.00.

Read Our Latest Analysis on Modine Manufacturing

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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