Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn Acquires 2,530 Shares

Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn bought 2,530 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $79.43 per share, with a total value of $200,957.90. Following the transaction, the director now directly owns 7,277 shares in the company, valued at approximately $578,012.11. This represents a 53.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Modine Manufacturing Stock Up 0.1 %

MOD traded up $0.07 during trading on Wednesday, reaching $78.20. The stock had a trading volume of 411,159 shares, compared to its average volume of 886,885. Modine Manufacturing has a one year low of $72.49 and a one year high of $146.84. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 0.71 and a beta of 2.31. The company has a current ratio of 1.87, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average is $107.56 and its two-hundred day moving average is $118.83.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a return on equity of 24.25% and a net margin of 6.31%. As a group, analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current year.

Institutional Investors Weigh In On Modine Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOD. Skandinaviska Enskilda Banken AB publ increased its stake 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 worth $27,000 after acquiring an additional 193 shares during the last quarter. Principal Securities Inc. boosted its stake in Modine Manufacturing by 97.8% in the fourth quarter. Principal Securities Inc. now owns 544 shares of the auto parts company’s stock valued at $63,000 after acquiring an additional 269 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Modine Manufacturing by 650.5% in the third quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after buying an additional 670 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 491 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Modine Manufacturing by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 82 shares during the period. Institutional investors own 95.23% of the company’s stock.

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.