Analysts Set Modine Manufacturing Co. (NYSE:MOD) PT at $9.00

Shares of Modine Manufacturing Co. (NYSE:MOD) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

Several research analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating on shares of Modine Manufacturing in a research report on Wednesday, September 11th. ValuEngine upgraded shares of Modine Manufacturing from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet downgraded shares of Modine Manufacturing from a “b-” rating to a “c” rating in a report on Friday, September 20th. Zacks Investment Research lowered Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Finally, Dougherty & Co cut Modine Manufacturing from a “buy” rating to a “neutral” rating in a report on Friday, November 8th.

In related news, insider Hanna Julian 500,000 shares of the business’s stock in a transaction dated Friday, October 11th. Also, CEO Thomas Andrew Burke acquired 10,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $6.81 per share, for a total transaction of $68,100.00. The disclosure for this purchase can be found here. 5.01% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Modine Manufacturing in the second quarter valued at about $31,000. A.R.T. Advisors LLC bought a new stake in shares of Modine Manufacturing in the second quarter worth about $215,000. Aperio Group LLC increased its holdings in shares of Modine Manufacturing by 9.1% in the second quarter. Aperio Group LLC now owns 16,068 shares of the auto parts company’s stock worth $230,000 after purchasing an additional 1,340 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Modine Manufacturing by 7.2% in the second quarter. Stone Ridge Asset Management LLC now owns 17,807 shares of the auto parts company’s stock worth $255,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Modine Manufacturing in the second quarter worth about $267,000. Institutional investors and hedge funds own 89.23% of the company’s stock.

MOD traded up $0.11 during trading on Friday, hitting $7.20. The company’s stock had a trading volume of 358,000 shares, compared to its average volume of 263,568. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Modine Manufacturing has a one year low of $6.58 and a one year high of $16.67. The firm has a market cap of $360.66 million, a PE ratio of 4.59, a P/E/G ratio of 0.87 and a beta of 1.87. The business’s 50 day simple moving average is $8.74 and its 200-day simple moving average is $11.29.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Thursday, November 7th. The auto parts company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.12). Modine Manufacturing had a return on equity of 11.95% and a net margin of 1.30%. The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $514.27 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis. Equities research analysts expect that Modine Manufacturing will post 0.81 EPS for the current fiscal year.

About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.

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