Modine Manufacturing Co (NYSE:MOD) Institutional Investor Positioning Change

January 22, 2018 - By Richard Conner

 Modine Manufacturing Co (NYSE:MOD) Institutional Investor Positioning Change

Sentiment for Modine Manufacturing Co (NYSE:MOD)

Modine Manufacturing Co (NYSE:MOD) institutional sentiment increased to 1.27 in Q3 2017. Its up 0.23, from 1.04 in 2017Q2. The ratio is more positive, as 61 hedge funds increased and opened new equity positions, while 48 cut down and sold equity positions in Modine Manufacturing Co. The hedge funds in our partner’s database now own: 40.89 million shares, down from 41.55 million shares in 2017Q2. Also, the number of hedge funds holding Modine Manufacturing Co in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 8 Reduced: 40 Increased: 38 New Position: 23.

Modine Manufacturing Company develops, makes, and markets engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment maker vehicular applications. The company has market cap of $1.12 billion. The firm operates through Americas, Europe, Asia, and Building HVAC divisions. It has a 26.02 P/E ratio. It offers powertrain cooling products, such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products consisting of exhaust gas recirculation coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers; and auxiliary coolers, such as transmission and retarder oil coolers, and power steering coolers, as well as component assemblies, radiators, and battery cooling products.

The stock decreased 3.68% or $0.85 during the last trading session, reaching $22.25. About 79,732 shares traded. Modine Manufacturing Company (NYSE:MOD) has risen 17.98% since January 22, 2017 and is uptrending. It has outperformed by 1.28% the S&P500.

Analysts await Modine Manufacturing Company (NYSE:MOD) to report earnings on February, 5. They expect $0.28 earnings per share, up 33.33 % or $0.07 from last year’s $0.21 per share. MOD’s profit will be $14.09 million for 19.87 P/E if the $0.28 EPS becomes a reality. After $0.36 actual earnings per share reported by Modine Manufacturing Company for the previous quarter, Wall Street now forecasts -22.22 % negative EPS growth.

D.C. Capital Advisors Ltd holds 2.82% of its portfolio in Modine Manufacturing Company for 221,692 shares. Icm Asset Management Inc Wa owns 108,576 shares or 2.43% of their US portfolio. Moreover, Oarsman Capital Inc. has 2.03% invested in the company for 248,898 shares. The New York-based Tricadia Capital Management Llc has invested 1.49% in the stock. Phocas Financial Corp., a California-based fund reported 660,593 shares.#img1#

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $1.80 million activity.

Modine Manufacturing Company (NYSE:MOD) Ratings Coverage

Ratings analysis reveals 75% of Modine Manufacturing’s analysts are positive. Out of 4 Wall Street analysts rating Modine Manufacturing, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $16 while the high is $23.0. The stock’s average target of $22.50 is 1.12% above today’s ($22.25) share price. MOD was included in 7 notes of analysts from August 4, 2015. The firm has “Buy” rating by Robert W. Baird given on Tuesday, September 5. The rating was downgraded by Zacks on Tuesday, August 4 to “Hold”. The stock of Modine Manufacturing Company (NYSE:MOD) earned “Buy” rating by Gabelli on Tuesday, January 31. The stock of Modine Manufacturing Company (NYSE:MOD) has “Buy” rating given on Friday, May 26 by Robert W. Baird. ValuEngine downgraded the shares of MOD in report on Monday, May 29 to “Hold” rating. The company was upgraded on Thursday, March 24 by Seaport Global.

Another recent and important Modine Manufacturing Company (NYSE:MOD) news was published by Nasdaq.com which published an article titled: “Zacks.com highlights: Broadcom, Arkema SA, Johnson Outdoors, Modine …” on January 15, 2018.

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