Peregrine Capital Management LLC Acquires 9,085 Shares of Modine Manufacturing Company $MOD

Peregrine Capital Management LLC increased its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,423 shares of the auto parts company's stock after acquiring an additional 9,085 shares during the quarter. Peregrine Capital Management LLC owned 0.24% of Modine Manufacturing worth $12,157,000 at the end of the most recent reporting period.Get Modine Manufacturing alerts:Ride the Rally: 3 Earnings Winners With More Upside AheadOther institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock worth $28,000 after purchasing an additional 142 shares in the last quarter. First Horizon Advisors Inc. grew its position in Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock valued at $49,000 after purchasing an additional 522 shares during the period. Maseco LLP bought a new stake in Modine Manufacturing during the 2nd quarter valued at $51,000. IFP Advisors Inc lifted its stake in shares of Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock valued at $70,000 after buying an additional 113 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Modine Manufacturing during the first quarter valued at about $92,000. 95.23% of the stock is owned by institutional investors. Wall Street Analyst Weigh InA number of equities analysts have issued reports on MOD shares. Oppenheimer lifted their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an "outperform" rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Zacks Research downgraded shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. DA Davidson set a $185.00 target price on shares of Modine Manufacturing in a research report on Friday. Finally, KeyCorp upped their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.00.3 Summer Stocks With Insider Buying and Analyst SupportGet Our Latest Report on MODModine Manufacturing Stock Up 6.1%MOD stock opened at $161.64 on Monday. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $164.89. The stock has a fifty day moving average of $146.20 and a 200-day moving average of $115.29. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 46.32, a PEG ratio of 1.02 and a beta of 2.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. Forget Tesla: 3 Stocks to Ride the Elon Musk EffectModine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The firm had revenue of $682.80 million during the quarter, compared to analyst estimates of $653.80 million. During the same quarter last year, the business earned $1.04 earnings per share. The company's quarterly revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year. Insider Activity at Modine ManufacturingIn related news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the sale, the director owned 82,056 shares of the company's stock, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael B. Lucareli sold 40,422 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total value of $5,678,078.34. Following the sale, the executive vice president owned 41,920 shares in the company, valued at approximately $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock worth $31,001,392 in the last 90 days. 2.48% of the stock is owned by company insiders. About Modine Manufacturing (Free Report)Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.Further ReadingFive stocks we like better than Modine ManufacturingStock Market Upgrades: What Are They?Kinder Morgan Stock: Big Yield Now, Bigger Upside in 20262 Fintech Stocks to Buy Now and 1 to AvoidPulteGroup Is Down But Not Out—Here’s What Wall Street MissedEnergy and Oil Stocks ExplainedCleveland-Cliffs Breaks to New Highs on Earnings, More Upside?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Modine Manufacturing Right Now?Before you consider Modine Manufacturing, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Modine Manufacturing wasn't on the list.While Modine Manufacturing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here