Eric Ashleman Sells 15,000 Shares of Modine Manufacturing (NYSE:MOD) Stock

Modine Manufacturing Company (NYSE:MOD) Director Eric Ashleman sold 15,000 shares of Modine Manufacturing stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total value of $4,328,100.00. Following the sale, the director owned 42,350 shares of the company’s stock, valued at approximately $12,219,669. This trade represents a 26.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Modine Manufacturing Stock Down 0.8%

MOD stock opened at $275.31 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $269.34 and its 200 day moving average is $212.71. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 122.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business had revenue of $954.40 million for the quarter, compared to the consensus estimate of $920.67 million. During the same period last year, the firm posted $1.12 earnings per share. Modine Manufacturing’s quarterly revenue was up 47.5% on a year-over-year basis. Sell-side analysts predict that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

Key Stories Impacting Modine Manufacturing

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

• Positive Sentiment: Investor interest in Modine’s growing exposure to data center cooling remains a key bull case, as the company is being highlighted for benefiting from AI-related thermal management demand. This supports the view that Modine’s long-term growth story is intact. Article Title
• Positive Sentiment: Wall Street remains broadly constructive: Modine recently beat quarterly EPS and revenue estimates, posted 47.5% year-over-year revenue growth, and analysts continue to hold a Moderate Buy view with price targets above current levels. Article Title
• Neutral Sentiment: One market commentary specifically reiterated that Modine’s recent gains from data center cooling exposure are a notable investment theme, reinforcing that the stock is being watched as an AI infrastructure beneficiary. Article Title
• Negative Sentiment: Several insiders sold shares this week, including Director Eric Ashleman’s 15,000-share sale and additional sales by an insider and a vice president. Heavy insider selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Article Title
• Negative Sentiment: Another report said Modine shares fell sharply in the prior session and that valuation models still see the stock as overvalued, which may be contributing to near-term pressure on the shares. Article Title

Analysts Set New Price Targets

A number of research firms have recently issued reports on MOD. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Glj Research reissued a “buy” rating and issued a $428.00 target price on shares of Modine Manufacturing in a research note on Monday, June 1st. UBS Group raised their price target on Modine Manufacturing to $310.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.14.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of Modine Manufacturing in the 1st quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Modine Manufacturing during the 4th quarter valued at $25,000. Spire Wealth Management bought a new position in shares of Modine Manufacturing during the 4th quarter valued at $27,000. Sunbelt Securities Inc. purchased a new position in Modine Manufacturing in the 3rd quarter worth $39,000. Finally, Danske Bank A S purchased a new position in Modine Manufacturing in the 3rd quarter worth $43,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Company Profile

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.