The Dimensional Fund Advisors LP Reached $25,853,000 position of Modine Manufacturing Co. (MOD)

The Dimensional Fund Advisors LP Reached $25,853,000 position  of Modine Manufacturing Co. (MOD)

Dimensional Fund Advisors LP increased its stake in shares of Modine Manufacturing Co. (NYSE:MOD) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,937,819 shares of the company’s stock after buying an additional 303,517 shares during the period. Dimensional Fund Advisors LP owned 6.15% of Modine Manufacturing worth $25,853,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Frontier Capital Management Co. LLC increased its stake in shares of Modine Manufacturing by 1.8% in the second quarter. Frontier Capital Management Co. LLC now owns 4,540,479 shares of the company’s stock valued at $39,956,000 after buying an additional 81,854 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $776,000. ClariVest Asset Management LLC increased its stake in shares of Modine Manufacturing by 85.2% in the second quarter. ClariVest Asset Management LLC now owns 283,347 shares of the company’s stock valued at $2,494,000 after buying an additional 130,362 shares during the last quarter. Strs Ohio increased its stake in shares of Modine Manufacturing by 5.7% in the second quarter. Strs Ohio now owns 71,200 shares of the company’s stock valued at $626,000 after buying an additional 3,836 shares during the last quarter. Finally, Smith Asset Management Group LP bought a new stake in shares of Modine Manufacturing during the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 83.52% of the company’s stock.

Shares of Modine Manufacturing Co. (NYSE:MOD) opened at 10.85 on Friday. The company has a market cap of $518.42 million, a P/E ratio of 278.21 and a beta of 1.42. Modine Manufacturing Co. has a 1-year low of $5.39 and a 1-year high of $12.21. The stock has a 50 day moving average price of $11.42 and a 200-day moving average price of $10.48.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Modine Manufacturing had a return on equity of 10.46% and a net margin of 0.14%. The business earned $347.20 million during the quarter, compared to analysts’ expectations of $337.10 million. During the same period in the prior year, the firm posted $0.14 EPS. Modine Manufacturing’s quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Modine Manufacturing Co. will post $0.84 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th.

Modine Manufacturing Company Profile

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