Driehaus Capital Management Adds $4M in Modine Manufacturing Company ($MOD)
Driehaus Capital Management increased its holdings in Modine Manufacturing by 14,342 shares.
Key Points
- Driehaus Capital Management increased its stake in Modine Manufacturing by 14,342 shares, bringing its total to 494,734 shares valued at $135.8 million.
- Modine Manufacturing has a market cap of $14.5 billion, with a P/E ratio of 122 and a forward P/E of 24.19.
- Analysts maintain a strong buy consensus with a mean target price of $340.86, with recent targets ranging from $325 to $370.
Driehaus Capital Management has increased its stake in Modine Manufacturing Company (NYSE: MOD) by 14,342 shares, according to its latest Form 13F filing with the SEC. This boost brings its total holdings to 494,734 shares, valued at approximately $135.8 million as of the filing date.
What Changed in Driehaus Capital Management's Modine Position
Driehaus Capital Management previously held 480,392 shares of Modine Manufacturing and added 14,342 shares, marking a 2.99% increase. The total value of the position is now about $135.8 million.
Other Institutional Activity in Modine Manufacturing
Several other institutional investors also adjusted their positions in Modine Manufacturing. BlackRock, Inc. increased its holdings by 92,131 shares, bringing its total to 4,085,044 shares worth approximately $885.3 million. Vanguard Portfolio Management LLC added 2,363,670 shares, resulting in a total of 2,363,670 shares valued at about $512.2 million. Meanwhile, Price T Rowe Associates Inc /MD/ reduced its stake by 609,752 shares, ending with 1,723,422 shares valued at $373.5 million.
Modine Manufacturing Stock Snapshot
Shares of Modine Manufacturing (NYSE: MOD) are trading near $274.50. The company has a market capitalization of approximately $14.5 billion. It currently has a P/E ratio of 122 and a forward P/E of 24.19, with a beta of 1.66. The stock's 52-week range has been between $86.48 and $323.25, with a 50-day moving average of $261.09 and a 200-day moving average of $188.72.
Recent Earnings
Modine Manufacturing reported revenue of $3.18 billion, reflecting a growth rate of 47.5%. The company's net margin stands at 3.82%, with a return on equity of 11.63%. The next earnings report is expected on July 28, 2026.
Insider Buying and Selling at Modine Manufacturing Company
Recent insider transactions include several sales by company executives. On June 1, 2026, Laszlo Arthur Jr., President of Data Centers, sold 900 shares at an average price of $295.76. Eric McGinnis, President of Commercial HVAC, sold 24,002 shares at $287.89 on the same day.
Analysts Set New Price Targets
Analysts have maintained a strong buy rating on Modine Manufacturing. On May 29, 2026, DA Davidson maintained a buy rating with a $330 price target. UBS also maintained its buy rating on May 28, 2026, with a target of $355. The consensus among seven analysts is a strong buy, with a mean price target of $340.86.
About Modine Manufacturing Company
Modine Manufacturing Company, headquartered in Racine, Wisconsin, specializes in designing and manufacturing thermal management solutions. The company serves a variety of markets, including automotive and data centers, with products ranging from heat transfer products to data center cooling solutions. Led by CEO Neil D. Brinker, Modine operates globally with approximately 13,200 employees.
Bottom Line
Driehaus Capital Management's increased stake in Modine Manufacturing signifies continued interest in the company's growth potential. Investors often track such filings to gauge institutional confidence. Remember, 13F filings are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.