Modine Manufacturing (NYSE:MOD) Reaches New 12-Month Low – Time to Sell?

Modine Manufacturing (NYSE:MOD)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $78.42 and last traded at $78.67, with a volume of 1788398 shares trading hands. The stock had previously closed at $87.01.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price target on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.

Modine Manufacturing Stock Down 9.6 %

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 business’s 50-day simple moving average is $110.65 and its 200-day simple moving average is $119.47. The company has a market capitalization of $4.14 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its holdings in Modine Manufacturing by 108.0% in the 4th quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company’s stock worth $165,596,000 after acquiring an additional 741,667 shares in the last quarter. FMR LLC increased its stake in shares of Modine Manufacturing by 14.0% during the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company’s stock worth $586,657,000 after purchasing an additional 543,419 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Modine Manufacturing during the 4th quarter worth about $43,201,000. Norges Bank purchased a new position in Modine Manufacturing in the 4th quarter valued at about $31,590,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Modine Manufacturing by 27.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,207,181 shares of the auto parts company’s stock worth $139,949,000 after buying an additional 262,936 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

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.