ValuEngine Lowers Modine Manufacturing (MOD) to Strong Sell

ValuEngine lowered shares of Modine Manufacturing (NYSE:MOD) from a sell rating to a strong sell rating in a report issued on Friday, May 10th, ValuEngine reports.

Separately, Zacks Investment Research downgraded Modine Manufacturing from a buy rating to a hold rating in a report on Wednesday, February 6th.

NYSE:MOD traded down $0.46 during trading hours on Friday, reaching $12.93. The company had a trading volume of 231,000 shares, compared to its average volume of 196,833. Modine Manufacturing has a 1-year low of $9.75 and a 1-year high of $20.30. The company has a market capitalization of $682.47 million, a PE ratio of 8.40 and a beta of 1.97. The company has a current ratio of 1.30, a quick ratio of 0.85 and a debt-to-equity ratio of 0.66.

In other news, VP Matthew J. Mcburney sold 4,988 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $14.74, for a total transaction of $73,523.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis P. Appel bought 3,180 shares of Modine Manufacturing stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $13.99 per share, with a total value of $44,488.20. Following the completion of the purchase, the vice president now owns 33,543 shares in the company, valued at $469,266.57. The disclosure for this purchase can be found here. Corporate insiders own 4.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc raised its stake in Modine Manufacturing by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 4,328,334 shares of the auto parts company’s stock valued at $64,492,000 after purchasing an additional 103,083 shares during the last quarter. Vanguard Group Inc. raised its stake in Modine Manufacturing by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,328,334 shares of the auto parts company’s stock valued at $64,492,000 after purchasing an additional 103,083 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Modine Manufacturing by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,264,982 shares of the auto parts company’s stock valued at $46,105,000 after purchasing an additional 39,017 shares during the last quarter. LSV Asset Management raised its stake in Modine Manufacturing by 0.5% in the 4th quarter. LSV Asset Management now owns 1,629,839 shares of the auto parts company’s stock valued at $17,618,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Modine Manufacturing by 1.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,583,930 shares of the auto parts company’s stock valued at $17,122,000 after purchasing an additional 17,227 shares during the last quarter. 90.22% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. The company operates through Americas, Europe, Asia, Commercial and Industrial Solutions, and Building HVAC segments.

See Also: What is a Buy-Side Analyst?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Modine Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modine Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.