Modine Manufacturing (NYSE:MOD) Stock Crosses Above Two Hundred Day Moving Average of $9.71



Shares of Modine Manufacturing (NYSE:MOD – Get Rating) passed over its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $9.71 and traded as high as $10.75. Modine Manufacturing shares last traded at $10.66, with a volume of 236,942 shares trading hands.

Separately, StockNews.com began coverage on Modine Manufacturing in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.53 and a quick ratio of 0.96. The company has a market cap of $554.00 million, a price-to-earnings ratio of 6.58 and a beta of 2.31. The business has a 50 day simple moving average of $10.08 and a 200 day simple moving average of $9.71.

Modine Manufacturing (NYSE:MOD – Get Rating) last posted its quarterly earnings data on Wednesday, May 25th. The auto parts company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Modine Manufacturing had a return on equity of 15.93% and a net margin of 4.16%. During the same period last year, the company earned $0.51 EPS. As a group, sell-side analysts anticipate that Modine Manufacturing will post 1.65 earnings per share for the current fiscal year.

In other news, CFO Michael B. Lucareli sold 3,783 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $11.94, for a total transaction of $45,169.02. Following the completion of the sale, the chief financial officer now owns 274,572 shares in the company, valued at $3,278,389.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.06% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in MOD. Two Sigma Investments LP raised its position in shares of Modine Manufacturing by 20.6% during the third quarter. Two Sigma Investments LP now owns 34,370 shares of the auto parts company’s stock worth $389,000 after acquiring an additional 5,865 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Modine Manufacturing during the third quarter worth $128,000. Comerica Bank increased its holdings in Modine Manufacturing by 4.3% in the third quarter. Comerica Bank now owns 226,532 shares of the auto parts company’s stock valued at $2,641,000 after purchasing an additional 9,415 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Modine Manufacturing by 54.1% in the third quarter. UBS Asset Management Americas Inc. Now owns 44,922 shares of the auto parts company’s stock shares valued at $509,000 after purchasing an additional 15,779 during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in Modine Manufacturing by 0.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,482,030 shares of the auto parts company’s stock valued at $35,134,000 after purchasing an additional 15,031 shares during the last quarter. Institutional investors own 94.42% of the company’s stock.

Modine Manufacturing Company Profile (NYSE:MOD)

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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