Legato Capital Management LLC Has $3.22 Million Holdings in Modine Manufacturing (NYSE:MOD)

Legato Capital Management LLC boosted its holdings in Modine Manufacturing (NYSE:MOD) by 18.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,811 shares of the auto parts company’s stock after purchasing an additional 4,363 shares during the quarter. Legato Capital Management LLC owned 0.05% of Modine Manufacturing worth $3,224,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Modine Manufacturing by 90.9% in the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 491 shares during the period. Legend Financial Advisors Inc. grew its stake in Modine Manufacturing by 2.9% during the fourth quarter. Legend Financial Advisors Inc. now owns 9,929 shares of the auto parts company’s stock worth $1,151,000 after buying an additional 279 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Modine Manufacturing by 58.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,839 shares of the auto parts company’s stock valued at $9,274,000 after buying an additional 25,648 shares during the period. Campbell Newman Asset Management Inc. raised its position in shares of Modine Manufacturing by 38.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 24,249 shares of the auto parts company’s stock valued at $2,811,000 after buying an additional 6,786 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Modine Manufacturing by 20.1% during the 3rd quarter. Victory Capital Management Inc. now owns 157,200 shares of the auto parts company’s stock worth $20,875,000 after acquiring an additional 26,348 shares during the period. Institutional investors own 95.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Oppenheimer lifted 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.

Modine Manufacturing Stock Down 1.5 %

MOD stock opened at $97.31 on Wednesday. The firm has a 50-day moving average price of $120.64 and a 200-day moving average price of $120.59. Modine Manufacturing has a 12 month low of $69.12 and a 12 month high of $146.84. The company has a current ratio of 1.87, a quick ratio of 1.09 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $5.12 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 0.75 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Modine Manufacturing will post 3.85 EPS for the current fiscal 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.