Insider Buying: Modine Manufacturing (NYSE:MOD) Director Acquires 2,530 Shares of Stock

Modine Manufacturing (NYSE:MOD) Director William A. Wulfsohn purchased 2,530 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average price of $79.43 per share, with a total value of $200,957.90. Following the acquisition, the director now directly owns 7,277 shares in the company, valued at $578,012.11. This represents a 53.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Modine Manufacturing Stock Up 0.1 %

Shares of NYSE:MOD traded up $0.07 on Wednesday, hitting $78.20. 411,159 shares of the company’s stock were exchanged, compared to its average volume of 886,885. Modine Manufacturing has a 1-year low of $72.49 and a 1-year high of $146.84. The company has a market capitalization of $4.11 billion, a PE ratio of 26.23, a P/E/G ratio of 0.71 and a beta of 2.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. The firm’s 50-day moving average is $107.56 and its 200 day moving average is $118.83.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results 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%. Sell-side analysts predict that Modine Manufacturing will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Modine Manufacturing

Several large investors have recently modified their holdings of MOD. Wealth Enhancement Advisory Services LLC raised its position in Modine Manufacturing by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,601 shares of the auto parts company’s stock valued at $1,142,000 after purchasing an additional 479 shares during the last quarter. US Bancorp DE boosted its stake in shares of Modine Manufacturing by 10.9% during the third quarter. US Bancorp DE now owns 4,918 shares of the auto parts company’s stock worth $653,000 after buying an additional 485 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Modine Manufacturing by 90.9% during the third quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock worth $137,000 after buying an additional 491 shares during the last quarter. Van ECK Associates Corp increased its position in Modine Manufacturing by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 27,377 shares of the auto parts company’s stock valued at $3,512,000 after acquiring an additional 7,824 shares during the period. Finally, Forum Financial Management LP purchased a new stake in Modine Manufacturing during the 3rd quarter valued at approximately $259,000. 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.