Modine Manufacturing Company $MOD Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its holdings in Modine Manufacturing Company (NYSE:MOD) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,874 shares of the auto parts company’s stock after selling 2,380 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Modine Manufacturing were worth $1,585,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Modine Manufacturing by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock worth $722,297,000 after acquiring an additional 97,035 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Modine Manufacturing by 1.4% in the second quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after acquiring an additional 23,955 shares in the last quarter. State Street Corp grew its stake in shares of Modine Manufacturing by 4.2% in the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock worth $128,985,000 after acquiring an additional 53,351 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Modine Manufacturing in the third quarter worth $184,610,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Modine Manufacturing by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock worth $166,540,000 after acquiring an additional 151,543 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Modine Manufacturing in a research report on Wednesday, May 6th. Oppenheimer lifted their price objective on shares of Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Finally, Glj Research assumed coverage on shares of Modine Manufacturing in a research report on Monday, March 30th. They set a “buy” rating and a $290.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Modine Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $234.33.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $247.30 on Tuesday. The stock has a market cap of $13.04 billion, a P/E ratio of 137.39, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66. The company has a fifty day simple moving average of $233.68 and a 200-day simple moving average of $188.17. Modine Manufacturing Company has a 12-month low of $86.48 and a 12-month high of $294.05. The company has a current ratio of 2.19, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51.

Modine Manufacturing 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.