13 hours Ago By ABMN Staff
Marshall Wace LLP raised its holdings in shares of Modine Manufacturing ( NYSE:MOD – Free Report ) by 148.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,700 shares of the auto parts company’s stock after buying an additional 5,800 shares during the period.
Marshall Wace LLP’s holdings in Modine Manufacturing were worth $1,125,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MOD. Skandinaviska Enskilda Banken AB publ increased its holdings in Modine Manufacturing by 567.
6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 227 shares of the auto parts company’s stock valued at $27,000 after buying an additional 193 shares during the last quarter. Principal Securities Inc.
increased its holdings in Modine Manufacturing by 97.8% during the fourth quarter. Principal Securities Inc.
now owns 544 shares of the auto parts company’s stock valued at $63,000 after buying an additional 269 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Modine Manufacturing by 6.5% during the fourth quarter.
Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after buying an additional 82 shares during the last quarter. Rothschild Investment LLC increased its holdings in Modine Manufacturing by 34.4% during the fourth quarter.
Rothschild Investment LLC now owns 1,720 shares of the auto parts company’s stock valued at $199,000 after buying an additional 440 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Modine Manufacturing by 8.
2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company’s stock valued at $208,000 after buying an additional 136 shares during the last quarter.
95.23% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Modine Manufacturing In other news, Director William A.
Wulfsohn bought 2,530 shares of Modine Manufacturing stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $79.43 per share, with a total value of $200,957.
90. Following the completion of the acquisition, the director now owns 7,277 shares of the company’s stock, valued at $578,012.11.
This trade represents a 53.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Insiders own 2.40% of the company’s stock. Modine Manufacturing Stock Performance Modine Manufacturing ( NYSE:MOD – Get Free Report ) last posted its earnings results on Tuesday, February 4th.
The auto parts company reported $0.92 earnings per share 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%. Equities analysts anticipate that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.
Modine Manufacturing announced that its Board of Directors has initiated a stock buyback program on Friday, March 7th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase up to 2.
4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued. Analyst Ratings Changes Separately, DA Davidson reissued a “buy” rating and issued a $155.
00 price objective on shares of Modine Manufacturing in a research note on Monday, March 17th. Read Our Latest Research Report on MOD Modine Manufacturing Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modine Manufacturing ( NYSE:MOD – Free Report ).
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