Teachers Retirement System of The State of Kentucky Purchases 1,619 Shares of Modine Manufacturing (NYSE:MOD)

Teachers Retirement System of The State of Kentucky lifted its position in Modine Manufacturing (NYSE:MOD) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,345 shares of the auto parts company’s stock after buying an additional 1,619 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Modine Manufacturing were worth $2,170,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in Modine Manufacturing by 6.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,122 shares of the auto parts company’s stock valued at $814,000 after buying an additional 514 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Modine Manufacturing during the second quarter valued at about $209,000. Fifth Third Bancorp acquired a new position in shares of Modine Manufacturing during the second quarter valued at about $64,000. SummerHaven Investment Management LLC raised its position in shares of 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 purchasing an additional 155 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in Modine Manufacturing by 300.0% in the 2nd quarter. West Oak Capital LLC now owns 600 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Modine Manufacturing Stock Performance

Shares of NYSE MOD opened at $134.66 on Tuesday. The company has a 50 day simple moving average of $130.39 and a two-hundred day simple moving average of $116.10. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 1.01 and a beta of 2.31. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12 month low of $55.87 and a 12 month high of $146.84.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $658.00 million during 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, analysts predict that Modine Manufacturing will post 3.83 earnings per share for the current year.

Modine Manufacturing 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.