Professional
Added to YB: 2025-02-24
Pitch date: 2024-12-31
MOD [bullish]
Modine Manufacturing Company
+17.73%
current return
Author Info
No bio for this author
Company Info
Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally.
Market Cap
$8.5B
Pitch Price
$117.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
22.21
P/E
46.69
EV/Sales
3.35
Sector
Automobile Components
Category
turnaround
Alger Small Cap Focus Fund Portfolio Holding: Modine Manufacturing Company
MOD: New CEO since 2020 driving transformation: simplified business, aligned strategies, adopted 80/20 philosophy. Strong Q2 results, but shares dipped on no guidance raise due to strategic shift from low-margin vehicle biz. Emerging as strong competitor in high-growth data center cooling market. Well-positioned for market share gains.
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