Matthew J. Mcburney Sells 3,522 Shares of Modine Manufacturing Company (MOD) Stock

Modine Manufacturing Company (NYSE:MOD) VP Matthew J. Mcburney sold 3,522 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.97, for a total value of $80,900.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Modine Manufacturing Company (NYSE:MOD) traded down $0.30 on Friday, hitting $22.60. The company had a trading volume of 278,160 shares, compared to its average volume of 327,817. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1,137.73, a price-to-earnings ratio of 17.25 and a beta of 1.22. Modine Manufacturing Company has a twelve month low of $10.10 and a twelve month high of $23.95.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.14. The business had revenue of $508.30 million for the quarter, compared to analyst estimates of $466.33 million. Modine Manufacturing had a return on equity of 14.94% and a net margin of 2.29%. The business’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period last year, the company posted ($0.01) EPS. equities research analysts forecast that Modine Manufacturing Company will post 1.43 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its holdings in Modine Manufacturing by 142.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,781 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 3,399 shares in the last quarter. Bank of America Corp DE increased its holdings in Modine Manufacturing by 11.5% in the 1st quarter. Bank of America Corp DE now owns 9,799 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 1,008 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Modine Manufacturing in the 3rd quarter valued at $152,000. BNP Paribas Arbitrage SA increased its holdings in Modine Manufacturing by 118.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,356 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 5,067 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in Modine Manufacturing in the 2nd quarter valued at $215,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub raised Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Modine Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $24.00.

ILLEGAL ACTIVITY WARNING: “Matthew J. Mcburney Sells 3,522 Shares of Modine Manufacturing Company (MOD) Stock” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.com-unik.info/2017/12/03/matthew-j-mcburney-sells-3522-shares-of-modine-manufacturing-company-mod-stock.html.

About Modine Manufacturing

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Company’s products include radiators and radiator cores, exhaust gas recirculation coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils.

What are top analysts saying about Modine Manufacturing Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Modine Manufacturing Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit