Harel Insurance Investments & Financial Services Ltd. reduced its position in Modine Manufacturing (NYSE:MOD)

Harel Insurance Investments & Financial Services Ltd. cut its stake in Modine Manufacturing (NYSE:MOD – Get Rating) by 21.5% during the first quarter, reports Holdings Channel.com. The company held 13,839 shares of the auto parts company after selling 3,785 shares during the quarter. The holdings of Harel Insurance Investments & Financial Services Ltd. in Modine Manufacturing were worth $125,000 when it was last filed with the SEC.

A number of other hedge funds and other institutional investors also bought and sold shares of MOD. Gladius Capital Management LP purchased a new stake in shares of Modine Manufacturing during the first quarter worth approximately $82,000. Teacher Retirement System of Texas purchased a new stake in shares of Modine Manufacturing during the fourth quarter, valued at approximately $101,000. Investors Research Corp increased its holdings of Modine Manufacturing shares by 20.4% in the first quarter. Investors Research Corp now owns 11,200 shares of the auto parts company valued at $101,000 after buying an additional 1,900 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Modine Manufacturing during the fourth quarter worth approximately $110,000. Finally, American Trust purchased a new equity stake in Modine Manufacturing during the fourth quarter valued at approximately $129,000. Hedge funds and other institutional investors hold 94.42% of the company’s shares.

Modine Manufacturing Trading up 0.4%

MOD shares opened at $12.22 on Monday. Modine Manufacturing has a 12-month low of $7.67 and a 12-month high of $17.19. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt ratio of 0.76. The company’s 50-day moving average is $10.80 and its 200-day moving average is $9.79. The stock has a market capitalization of $635.11 million, a P/E ratio of 7.54 and a beta of 2.31.

Modine Manufacturing (NYSE:MOD – Get Rating) last released its results on Wednesday, May 25. The auto parts company reported earnings per share (EPS) of $0.57 for the quarter, beating the consensus estimate of $0.49 by $0.08. Modine Manufacturing achieved a net margin of 4.16% and a return on equity of 15.93%. The company had revenue of $574.40 million for the quarter. In the same quarter a year earlier, the company posted EPS of $0.51. Research analysts expect Modine Manufacturing to post earnings per share of 1.65 for the current year.

Insider buying and selling

In other Modine Manufacturing news, Chief Financial Officer Michael B. Lucareli sold 3,783 shares in a trade that took place on Wednesday, June 1. The shares were sold at an average price of $11.94, for a total value of $45,169.02. Following the transaction, the CFO now directly owns 274,572 shares of the company, valued at $3,278,389.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 3.06% of the shares are currently held by company insiders.

Wall Street analysts predict growth

Separately, StockNews.com began covering Modine Manufacturing shares in a Thursday, March 31 report. They set a “buy” rating on the stock.

Company Profile Modine Manufacturing

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Modine Manufacturing Company provides heat transfer systems and heat transfer components designed for use in on-road and off-road original equipment manufacturer (OEM) vehicle applications. It operates through the Climate Solutions and Performance Technologies segments. The company offers gas, hydronic, electric and oil-fired unit heaters; indoor and outdoor ducted furnaces; infrared units; perimeter heating products, such as commercial finned tube heaters, unit heaters and convectors; direct and indirect heated make-up air units mounted on the roof; unit fans; vertical units individually packaged; precision air conditioning units for data center applications; air handling units; fan walls; coolers; ceiling cassettes; hybrid fan coil units; and condensers and condensing units.

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Institutional ownership by quarter for Modine Manufacturing (NYSE:MOD)

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