Latest news with #ModineManufacturingCompany
Yahoo
16-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Modine Manufacturing Company (MOD) Stock?
Back in 2024, on May 14, a caller asked about Modine Manufacturing Company (NYSE:MOD), an industrial company specializing in thermal management and HVAC systems. Cramer said this was exactly the kind of industrial stock that's working in the market back then: "Okay, that kind of metal-bending industrial company is precisely what's working here. And it's what we preach at the club. And that is a club-like name. Well, not club, I mean like the group of people. Not a club. But I like the concept." Cramer's endorsement had limited effect, as the stock declined slightly by 0.55% since the call. Modine Manufacturing Company (NYSE:MOD) engineers thermal management and HVAC solutions for vehicles, data centers, and commercial buildings. Earlier in March, Cramer mentioned that the stock was getting hit by a swarm of sellers: 'Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don't know what they're itching about.' While we acknowledge the potential of MOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MOD and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
28-04-2025
- Automotive
- Yahoo
What Makes Modine Manufacturing Company (MOD) an Investment Bet?
SouthernSun Asset Management, LLC, an investment management firm, released its 'SouthernSun Small Cap Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy returned -11.32% on a gross basis (-11.48% net) compared to a -9.48% return for the Russell 2000 Index and -7.74% for the Russell 2000 Value Index. The strategy returned -12.55% on a gross basis (-13.21% net) for the trailing twelve months compared to -4.01% and -3.12% respectively for the indexes over the same period. In addition, please check the top 5 holdings of the strategy to know its best pick in 2025. In its first-quarter 2025 investor letter, SouthernSun Small Cap Strategy highlighted stocks such as Modine Manufacturing Company (NYSE:MOD). Modine Manufacturing Company (NYSE:MOD) offers thermal management products and solutions. The one-month return of Modine Manufacturing Company (NYSE:MOD) was 5.71%, and its shares lost 15.08% of their value over the last 52 weeks. On April 25, 2024, Modine Manufacturing Company (NYSE:MOD) stock closed at $81.13 per share with a market capitalization of $4.265 billion. SouthernSun Small Cap Strategy stated the following regarding Modine Manufacturing Company (NYSE:MOD) in its Q1 2025 investor letter: "Modine Manufacturing Company (NYSE:MOD) is an over 100-year-old thermal management company based in Racine, WI. The company started out producing heat exchangers for tractors but quickly expanded into the automotive market and became a major supplier of heat exchangers to leading car manufacturers. As demand for automobiles increased significantly throughout the 20th century, Modine expanded operations globally. However, as the automotive market matured and became more competitive, MOD's growth slowed, and the company went through numerous restructurings to take cost out of the business. The company attempted to diversify into the HVAC industry by buying Airedale in 2005 and Luvata in 2016, but management lacked a clear strategic vision, and the legacy automotive business continued to attract most of the time and resources. A technician in a factory, assembling a gas-fired unit heater. Modine Manufacturing Company (NYSE:MOD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held Modine Manufacturing Company (NYSE:MOD) at the end of the fourth quarter, compared to 32 in the third quarter. While we acknowledge the potential of Modine Manufacturing Company (NYSE:MOD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Modine Manufacturing Company (NYSE:MOD) and shared the list of best guru stocks to buy according to Wall Street analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
23-04-2025
- Business
- Yahoo
Is Modine Manufacturing Company (MOD) Among the Best Guru Stocks to Buy According to Wall Street Analysts?
We recently published a list of . In this article, we are going to take a look at where Modine Manufacturing Company (NYSE:MOD) stands against other Guru stocks to invest in. Wall Street seems to be breathing a little easier after the initial panic over President Trump's tariffs earlier this month, but the rollercoaster is not over just yet. All three major indexes closed last week in the red, with the Dow and NASDAQ both dipping over 2%, and the broader market down more than 1%. Even though markets remain closed on April 18 for Good Friday, the general consensus is that the worst of the trade war headlines might be dying down. Marko Papic, chief strategist of geomacro strategy at BCA Research, remains cautiously optimistic, noting that while the idea of President Trump striking 90 trade deals in 90 days sounds ambitious, they will likely be small, symbolic wins that still help calm markets. That said, volatility is expected to continue, and Papic predicts the broader market could dip again before bouncing back, potentially giving investors a buying opportunity. Investors are deep in earnings season right now, and some of Wall Street's biggest banks have reported solid first-quarter results. A big part of their success came from their trading desks, which cashed in on the recent market volatility, especially in equities. However, despite strong numbers on paper, bank CEOs remain cautious and are hesitant to make big moves right now because of the market uncertainty. The US dollar also just had its worst weekly performance since 2022. Meanwhile, investors are playing it safe and rapidly buying bonds, which pushed the 10-year Treasury yield down to around 4.28%. While some investors are seeing the current market dip as a buying opportunity, Daniel Von Ahlen from GlobalData TS Lombard says otherwise. He believes the risks of a recession are being seriously underestimated. Even though Trump's recent tariff halt gave markets a bit of a boost, Ahlen thinks that bounce will not last. In his view, this is not the time to scoop up stocks on the cheap, he is actually advising people to sell into rallies and avoid the usual buy-the-dip strategy. Ahlen suggests getting a bit more cautious and selective. Instead of jumping into the whole market, he recommends focusing on defensive sectors, like utilities, consumer staples, and healthcare, that tend to hold up better in downturns. The market uncertainty is reflected in ETFs as well, which are often considered wiser investment options due to active management strategies and lower risk compared to individual investing. For example, the Guru ETF is down 8.30% year-to-date as of April 18. However, over the last 12 months, the fund has posted share price returns of 13.38%. Similarly, five-year share returns stand at an impressive 51.57%. GURU gives retail investors a way to tap into the top stock picks of major hedge funds at a relatively low 0.75% expense ratio. It offers a more affordable and flexible way to try and beat the broader market using expert insights. So, let's take a look at the best Guru stocks to buy. A technician in a factory, assembling a gas-fired unit heater. For this article, we looked up the GURU ETF, which had 82 holdings as of April 18. Next, we manually searched for the average upside potential of each stock and selected 11 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 18. We have also mentioned the hedge fund sentiment as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 43 Average Upside Potential: 89.92% Modine Manufacturing Company (NYSE:MOD) specializes in thermal management solutions, offering a wide range of products, including heating and cooling systems, industrial heat exchangers, and thermal solutions for automobiles, electronics, and data centers. It is one of the best Guru stocks to watch, with average upside potential of nearly 90% as of April 18. On March 31, DA Davidson reiterated a Buy rating on Modine Manufacturing Company (NYSE:MOD) but lowered the price target to $140 from $155. While estimates for 2025 and 2026 were slightly lowered due to a slowdown in the vehicle segment, the long-term outlook remains strong. Analysts believe Modine's efforts to reshape its Powertrain segment will drive solid revenue growth and double-digit gains in earnings and EBITDA by 2026 and 2027. Modine announced plans to acquire AbsolutAire, a Michigan-based company that makes heating and ventilation systems, with the deal closing on April 1, 2025. This acquisition will boost Modine's HVAC offerings and help it tap into the growing demand in industries like commercial, industrial, and food service. AbsolutAire will be added to Modine's Climate Solutions segment. According to Insider Monkey's fourth quarter database, 43 hedge funds were bullish on Modine Manufacturing Company (NYSE:MOD), up from 32 funds in the preceding quarter. Richard Driehaus' Driehaus Capital was the leading stakeholder of the company, with 1.43 million shares valued at nearly $167 million. Overall, MOD ranks 9th among the 11 Best Guru Stocks to Buy According to Wall Street Analysts. While we acknowledge the potential of MOD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MOD but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Jim Cramer on Modine Manufacturing Company (MOD): ‘It Has Come Down So Much'
We recently published an article titled . In this article, we are going to take a look at where Modine Manufacturing Company (NYSE:MOD) stands against the other stocks Jim Cramer recently talked about. Jim Cramer, the host of Mad Money, recently shared valuable investing lessons drawn from his 40 years of experience in the field. He noted that he often emphasizes the importance of discipline over conviction, repeating this message regularly on his show. 'I am constantly on this show telling you that discipline always trumps conviction. I tell it to you over and over and over again. In other words, no matter how much you may love a stock, no matter how enthralled you are with the underlying story, if the rules say sell, you sell it.' READ ALSO: 11 Stocks on Jim Cramer's Radar and Jim Cramer Said These 13 Stocks Can Hold Their Value Amid Tariffs Cramer also highlighted one of his fundamental investing rules: "Bulls make money. Bears make money. Pigs, well, they get slaughtered." He explained that this phrase serves as a reminder, especially when stocks rise sharply, and investors become overly confident in their gains. Cramer observed that, too often, people get intoxicated by their profits and start believing they are invincible. However, it is precisely at that point of overconfidence that caution is most needed, as acting like a pig can lead to significant losses. He then said: 'Just to be clear, bulls don't have a monopoly on piggishness. The same idea applies to investors who press their bets too shortly, too aggressively on the short side.' He pointed out that the same principle applies to those who aggressively short stocks. He explained that while there have been significant market declines, such as the dot-com crash of 2000 and the financial crisis of 2008-2009, most stocks tend to recover fairly quickly. Even during the Fed-induced market downturn in late 2021, those who remained too committed to short positions for too long ended up facing painful losses. By the fall of 2022, markets had rebounded, and those who had not adapted to the changes were left with nothing. 'Why is this rule so important? Simple. One of my chief goals is to help you stay in the game. You know that's the hardest part of investing. It's holding on through the difficult periods, taking short-term pains so you can have long-term gains, which is what's happened in the stock market for, for a century.' For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on February 24. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A technician in a factory, assembling a gas-fired unit heater. Number of Hedge Fund Holders: 43 Cramer noted that potential sellers were swarming Modine Manufacturing Company (NYSE:MOD) as he explained: 'Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don't know what they're itching about.' Modine Manufacturing (NYSE:MOD) offers thermal management products, including heat transfer coils, unit heaters, cooling systems for data centers and powertrains, as well as coatings and maintenance services. Fred Alger Management stated the following regarding Modine Manufacturing Company (NYSE:MOD) in its Q4 2024 investor letter: 'Modine Manufacturing Company (NYSE:MOD) provides a diverse range of systems and solutions that improve indoor air quality, cool data centers, conserve natural resources, reduce harmful emissions, and promote environmentally friendly refrigerants. Since the appointment of a new CEO in December 2020, the company has undergone a significant transformation, simplifying its business, aligning strategies by market verticals, and adopting the 80/20 business philosophy (i.e., prioritizing 20% of inputs that drive 80% of outcomes) to drive decision-making. Despite reporting strong fiscal second-quarter results, shares detracted from performance due to the absence of a forward guidance raise, which was attributed to the company's strategic move away from lower-margin vehicle business. In our view, Modine remains in the midst of a significant transformation, with increasing recognition in the high-growth data center cooling market, where it is positioned as a strong competitor and potential market share gainer.' Overall MOD ranks 3rd on our list of the stocks Jim Cramer recently talked about. While we acknowledge the potential of MOD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MOD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
