Sanctuary Advisors LLC Reduces Holdings in Modine Manufacturing (NYSE:MOD)

Sanctuary Advisors LLC lowered its stake in Modine Manufacturing (NYSE:MOD) by 26.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,482 shares of the auto parts company’s stock after selling 3,805 shares during the quarter. Sanctuary Advisors LLC’s holdings in Modine Manufacturing were worth $1,501,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in shares of Modine Manufacturing in the second quarter valued at $64,000. DekaBank Deutsche Girozentrale acquired a new position in Modine Manufacturing in the 2nd quarter valued at about $68,000. Private Trust Co. NA lifted 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 purchasing an additional 670 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Modine Manufacturing by 9.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock worth $117,000 after purchasing an additional 104 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Modine Manufacturing during the second quarter worth about $118,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MOD. Oppenheimer upped their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. DA Davidson increased their price target 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $146.67.

Modine Manufacturing Price Performance

MOD opened at $118.89 on Friday. Modine Manufacturing has a 1 year low of $56.74 and a 1 year high of $146.84. The company’s 50 day simple moving average is $129.39 and its 200 day simple moving average is $116.45. The stock has a market capitalization of $6.24 billion, a PE ratio of 38.98, a P/E/G ratio of 1.01 and a beta of 2.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.09 and a current ratio of 1.77.

Modine Manufacturing (NYSE:MOD) last announced 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 analyst estimates of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. Modine Manufacturing’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.89 EPS. As a group, sell-side analysts expect that Modine Manufacturing will post 3.83 EPS for the current year.

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.