Illinois Municipal Retirement Fund Invests $612,000 in Modine Manufacturing (NYSE:MOD)

Illinois Municipal Retirement Fund acquired a new position in Modine Manufacturing (NYSE:MOD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,276 shares of the auto parts company’s stock, valued at approximately $612,000.

Several other institutional investors have also recently bought and sold shares of the stock. Rothschild Investment LLC raised its position in Modine Manufacturing by 34.4% in the 4th quarter. Rothschild Investment LLC now owns 1,720 shares of the auto parts company’s stock worth $199,000 after purchasing an additional 440 shares during the last quarter. Navellier & Associates Inc. raised its position in Modine Manufacturing by 58.8% in the 4th quarter. Navellier & Associates Inc. now owns 10,824 shares of the auto parts company’s stock worth $1,255,000 after purchasing an additional 4,006 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Modine Manufacturing in the 4th quarter worth approximately $267,000. Handelsbanken Fonder AB raised its position in Modine Manufacturing by 25.5% in the 4th quarter. Handelsbanken Fonder AB now owns 13,300 shares of the auto parts company’s stock worth $1,542,000 after purchasing an additional 2,700 shares during the last quarter. Finally, LMG Wealth Partners LLC raised its position in Modine Manufacturing by 8.2% in the 4th quarter. LMG Wealth Partners LLC now owns 12,819 shares of the auto parts company’s stock worth $1,486,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

MOD stock opened at $77.09 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.87 and a quick ratio of 1.18. The company has a 50 day moving average price of $108.37 and a 200 day moving average price of $119.05. Modine Manufacturing has a fifty-two week low of $75.82 and a fifty-two week high of $146.84. The stock has a market capitalization of $4.05 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, February 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. Analysts forecast that Modine Manufacturing will post 3.88 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.