Modine Manufacturing (NYSE:MOD - Get Free Report) Director William A. Wulfsohn purchased 2,530 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of $79.43 per share, with a total value of $200,957.90. Following the purchase, the director now 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Modine Manufacturing stock traded up $1.13 on Wednesday, hitting $79.26. The company's stock had a trading volume of 1,211,649 shares, compared to its average volume of 889,293. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.87. Modine Manufacturing has a 1 year low of $72.49 and a 1 year high of $146.84. The firm has a fifty day moving average price of $106.78 and a 200-day moving average price of $118.55. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 0.71 and a beta of 2.31.
Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly 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 return on equity of 24.25% and a net margin of 6.31%. As a group, sell-side analysts anticipate that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of MOD. Nisa Investment Advisors LLC increased its stake in Modine Manufacturing by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,353 shares of the auto parts company's stock worth $157,000 after buying an additional 82 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Modine Manufacturing by 0.8% during the 4th quarter. Arizona State Retirement System now owns 14,451 shares of the auto parts company's stock worth $1,675,000 after purchasing an additional 118 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Modine Manufacturing by 8.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,791 shares of the auto parts company's stock worth $208,000 after purchasing an additional 136 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Modine Manufacturing by 2.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,284 shares of the auto parts company's stock worth $613,000 after purchasing an additional 146 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Modine Manufacturing by 6.0% during the 4th quarter. Signaturefd LLC now owns 2,786 shares of the auto parts company's stock worth $323,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company's stock.
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.
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