William Blair Investment Management LLC Purchases 1,990 Shares of Modine Manufacturing Company $MOD

William Blair Investment Management LLC increased its position in shares of Modine Manufacturing Company (NYSE:MOD) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,915 shares of the auto parts company’s stock after purchasing an additional 1,990 shares during the quarter. William Blair Investment Management LLC’s holdings in Modine Manufacturing were worth $51,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MOD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Modine Manufacturing by 26.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock worth $2,857,000 after purchasing an additional 7,831 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Modine Manufacturing by 8.3% in the second quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock worth $6,767,000 after acquiring an additional 5,244 shares during the last quarter. State Street Corp lifted its holdings 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 during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Modine Manufacturing by 106.3% in the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock worth $15,890,000 after acquiring an additional 83,105 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Modine Manufacturing by 70.8% in the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock worth $30,501,000 after acquiring an additional 128,348 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

MOD has been the subject of a number of research reports. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. DA Davidson reissued a “buy” rating and issued a $265.00 target price on shares of Modine Manufacturing in a report on Tuesday, March 31st. Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Glj Research began coverage on shares of Modine Manufacturing in a report on Monday, March 30th. They issued a “buy” rating and a $290.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Modine Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $234.33.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $261.71 on Monday. The company has a market capitalization of $13.80 billion, a PE ratio of 145.39, a P/E/G ratio of 1.06 and a beta of 1.66. The company has a 50 day simple moving average of $238.14 and a two-hundred day simple moving average of $190.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 2.19. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week high of $294.05.

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.