Virginia Retirement Systems ET AL Has $434,000 Position in Modine Manufacturing Co. (MOD)

Virginia Retirement Systems ET AL Has $434,000 Position in Modine Manufacturing Co. (MOD)

Virginia Retirement Systems ET AL lessened its stake in shares of Modine Manufacturing Co. (NYSE:MOD) by 46.1% during the 1st quarter, HoldingsChannel reports. The fund owned 31,300 shares of the auto parts company’s stock after selling 26,800 shares during the period. Virginia Retirement Systems ET AL’s holdings in Modine Manufacturing were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc increased its position in Modine Manufacturing by 2.4% during the third quarter. Vanguard Group Inc now owns 4,328,334 shares of the auto parts company’s stock worth $64,492,000 after buying an additional 103,083 shares during the last quarter. Vanguard Group Inc. increased its position in Modine Manufacturing by 2.4% during the third quarter. Vanguard Group Inc. now owns 4,328,334 shares of the auto parts company’s stock worth $64,492,000 after buying an additional 103,083 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Modine Manufacturing by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,264,982 shares of the auto parts company’s stock worth $46,105,000 after buying an additional 39,017 shares during the last quarter. LSV Asset Management increased its position in Modine Manufacturing by 0.5% during the fourth quarter. LSV Asset Management now owns 1,629,839 shares of the auto parts company’s stock worth $17,618,000 after buying an additional 8,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Modine Manufacturing by 1.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,583,930 shares of the auto parts company’s stock worth $17,122,000 after buying an additional 17,227 shares during the last quarter. Institutional investors and hedge funds own 89.63% of the company’s stock.

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 value of $73,523.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Larry Oscar Moore sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $15.10, for a total value of $99,660.00. Following the completion of the transaction, the director now directly owns 40,761 shares in the company, valued at approximately $615,491.10. The disclosure for this sale can be found here. 4.48% of the stock is currently owned by corporate insiders.

Shares of Modine Manufacturing stock traded down $0.58 on Thursday, hitting $13.97. The stock had a trading volume of 449 shares, compared to its average volume of 195,385. Modine Manufacturing Co. has a twelve month low of $9.75 and a twelve month high of $20.30. The company has a current ratio of 1.30, a quick ratio of 0.85 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $736.64 million, a price-to-earnings ratio of 9.12 and a beta of 1.97.

Several research firms have recently commented on MOD. ValuEngine raised Modine Manufacturing from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 13th. Zacks Investment Research downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th.

About Modine Manufacturing

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.

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