Modine Manufacturing Target of Unusually High Options Trading (NYSE:MOD)

Modine Manufacturing Company (NYSE:MOD) was the recipient of unusually large options trading activity on Friday. Traders purchased 5,600 call options on the company. This is an increase of 254% compared to the average volume of 1,580 call options.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. DA Davidson restated a “buy” rating and issued a $200.00 price objective on shares of Modine Manufacturing in a research note on Thursday. Oppenheimer restated an “outperform” rating and set a $220.00 price objective on shares of Modine Manufacturing in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a research note on Monday, December 29th. KeyCorp raised their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, UBS Group initiated coverage on Modine Manufacturing in a research note on Thursday, November 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.00.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the transaction, the chief executive officer owned 238,312 shares of the company’s stock, valued at $38,263,374.72. This trade represents a 11.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suresh V. Garimella sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $150.00, for a total value of $165,000.00. Following the completion of the transaction, the director directly owned 80,956 shares of the company’s stock, valued at approximately $12,143,400. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MOD. Allspring Global Investments Holdings LLC grew its position in Modine Manufacturing by 13.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 84,616 shares of the auto parts company’s stock worth $12,512,000 after acquiring an additional 9,989 shares in the last quarter. Schear Investment Advisers LLC bought a new position in shares of Modine Manufacturing during the 2nd quarter valued at about $1,547,000. Y Intercept Hong Kong Ltd lifted its position in Modine Manufacturing by 390.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 16,861 shares of the auto parts company’s stock worth $2,397,000 after buying an additional 13,424 shares during the last quarter. Pembroke Management LTD purchased a new stake in Modine Manufacturing in the third quarter worth approximately $30,506,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Modine Manufacturing in the 2nd quarter worth approximately $260,000. Institutional investors own 95.23% of the company’s stock.

Trending Headlines about Modine Manufacturing

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine and Gentherm announced a reverse Morris Trust combination of Modine’s Performance Technologies business into Gentherm (transaction value ~ $1.0B), positioning the combined company as a scaled thermal-management leader with expected synergies and a more balanced revenue mix — a structural strategic move that accelerates Modine’s shift toward higher-margin climate solutions. Gentherm and Modine press release
• Positive Sentiment: Market coverage and headlines show the deal taking shape, which sparked the intraday rally as investors priced in value from the combination and expected synergies. MSN article
• Positive Sentiment: Zacks reports MOD shares surged ~20.3% on above-average volume; the piece notes recent upward earnings-estimate revisions that can support further near-term upside. Zacks: Modine Soars
• Positive Sentiment: DA Davidson has reaffirmed a “Buy” rating on MOD with a $200 price target (about a low-double-digit percent upside versus prior levels), providing fresh analyst support that can attract more buyers. AmericanBankingNews: DA Davidson Buy
• Neutral Sentiment: Management-hosted transcripts of Modine’s M&A and strategy calls (including discussion of a potential spin-off and the Performance Technologies combination) are available — these provide detail but execution and regulatory steps remain key for final outcome. Seeking Alpha: Spin-off & combination transcript
• Neutral Sentiment: Additional Seeking Alpha transcript covers the M&A call; investors should watch for further specifics on timeline, synergies and shareholder mechanics. Seeking Alpha: M&A call transcript
• Neutral Sentiment: Background commentary pieces review Wall Street’s bullish views and analyst influence — useful context but less likely to move price than the transaction and fresh analyst rating. Zacks: Analyst views

Modine Manufacturing Stock Performance

Shares of NYSE:MOD traded up $10.76 during trading on Friday, hitting $187.48. 929,717 shares of the company were exchanged, compared to its average volume of 1,589,048. Modine Manufacturing has a 52-week low of $64.79 and a 52-week high of $190.22. The stock has a 50 day moving average of $143.25 and a 200 day moving average of $140.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The company has a market cap of $9.87 billion, a PE ratio of 54.18, a P/E/G ratio of 0.93 and a beta of 1.70.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.09. The company had revenue of $738.90 million during the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, equities research analysts predict that Modine Manufacturing will post 3.88 EPS for the current year.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.