Wells Fargo & Company MN trimmed its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,687 shares of the auto parts company’s stock after selling 299 shares during the period. Wells Fargo & Company MN owned 0.07% of Modine Manufacturing worth $541,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Comerica Bank purchased a new position in shares of Modine Manufacturing in the second quarter worth about $1,619,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Modine Manufacturing by 15.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 254,612 shares of the auto parts company’s stock worth $4,214,000 after buying an additional 33,237 shares in the last quarter. Swiss National Bank lifted its stake in shares of Modine Manufacturing by 6.9% in the second quarter. Swiss National Bank now owns 84,000 shares of the auto parts company’s stock worth $1,390,000 after buying an additional 5,400 shares in the last quarter. American International Group Inc. lifted its stake in shares of Modine Manufacturing by 7.0% in the first quarter. American International Group Inc. now owns 28,990 shares of the auto parts company’s stock worth $354,000 after buying an additional 1,907 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Modine Manufacturing by 15.1% in the second quarter. Victory Capital Management Inc. now owns 1,662,194 shares of the auto parts company’s stock worth $27,509,000 after buying an additional 217,843 shares in the last quarter. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Modine Manufacturing news, VP Scott D. Wollenberg sold 6,414 shares of Modine Manufacturing stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $23.55, for a total transaction of $151,049.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Andrew Burke sold 84,980 shares of Modine Manufacturing stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $16.19, for a total transaction of $1,375,826.20. Following the transaction, the insider now directly owns 454,673 shares in the company, valued at $7,361,155.87. The disclosure for this sale can be found here. 4.42% of the stock is owned by insiders.

Modine Manufacturing Company (MOD) opened at $22.55 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.87. The firm has a market cap of $1,135.21, a PE ratio of 17.21 and a beta of 1.20. Modine Manufacturing Company has a 52 week low of $10.10 and a 52 week high of $23.70.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14. Modine Manufacturing had a net margin of 2.29% and a return on equity of 14.94%. The firm had revenue of $508.30 million for the quarter, compared to the consensus estimate of $466.33 million. During the same period last year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. research analysts anticipate that Modine Manufacturing Company will post 1.43 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet raised shares of Modine Manufacturing from a “c” rating to a “b-” rating in a research note on Tuesday, August 1st. Finally, ValuEngine raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Modine Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $24.00.

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About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

Institutional Ownership by Quarter for Modine Manufacturing (NYSE:MOD)

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