Modine Manufacturing (MOD)
Market Price (9/5/2026): $195.0 | Market Cap: $10.4 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Modine Manufacturing (MOD)
Market Price (9/5/2026): $195.0Market Cap: $10.4 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29% Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Electrification of Everything. Themes include Data Centers & Infrastructure, Show more. | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 72x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9% Key risksMOD key risks include [1] a high customer concentration, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Electrification of Everything. Themes include Data Centers & Infrastructure, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 47x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 40x, P/EPrice/Earnings or Price/(Net Income) is 72x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.9% |
| Key risksMOD key risks include [1] a high customer concentration, Show more. |
Qualitative Assessment
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Modine Manufacturing (MOD) stock has lost about 30% since 5/31/2026 because of the following key factors:
1. Gross margin contraction due to temporary operational inefficiencies in the Data Centers segment. Modine Manufacturing reported that its gross margin declined by 340 basis points to 20.8% in fiscal Q1 2027, which ended June 30, 2026. This was primarily driven by temporary supply-chain constraints and operational inefficiencies, including idle labor and poor overhead absorption, as the company aggressively scaled up manufacturing capacity for its rapidly growing Data Centers business. While Data Centers revenue surged 90% in the quarter, the segment's gross margins temporarily fell to 20.2%.
2. Weak performance in the Performance Technologies segment and associated spin-off costs. The Performance Technologies segment experienced a 3% year-over-year decline in sales during fiscal Q1 2027 due to softer automotive and commercial vehicle markets. Additionally, Modine incurred increased selling, general and administrative expenses, including $7.1 million of costs associated with the planned spin-off of this segment and its merger with Gentherm, which is targeted for the fourth calendar quarter of 2026.
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Modine Manufacturing (MOD) stock has lost about 30% since 5/31/2026 because of the following key factors:
1. Gross margin contraction due to temporary operational inefficiencies in the Data Centers segment. Modine Manufacturing reported that its gross margin declined by 340 basis points to 20.8% in fiscal Q1 2027, which ended June 30, 2026. This was primarily driven by temporary supply-chain constraints and operational inefficiencies, including idle labor and poor overhead absorption, as the company aggressively scaled up manufacturing capacity for its rapidly growing Data Centers business. While Data Centers revenue surged 90% in the quarter, the segment's gross margins temporarily fell to 20.2%.
2. Weak performance in the Performance Technologies segment and associated spin-off costs. The Performance Technologies segment experienced a 3% year-over-year decline in sales during fiscal Q1 2027 due to softer automotive and commercial vehicle markets. Additionally, Modine incurred increased selling, general and administrative expenses, including $7.1 million of costs associated with the planned spin-off of this segment and its merger with Gentherm, which is targeted for the fourth calendar quarter of 2026.
3. Significant insider selling activity. Insiders at Modine Manufacturing sold approximately $15.9 million worth of company stock in the 90 days leading up to August 22, 2026. Notable transactions included a $11,299,596 sale by VP, CHRO Brian Jon Agen on June 17, 2026, and a $4,328,100 sale by Director Eric D. Ashleman on June 16, 2026. This substantial selling by company insiders likely contributed to negative investor sentiment.
4. Analyst downgrades and reduced price targets. Several equity analysts lowered their price targets or downgraded Modine Manufacturing's stock following the fiscal Q1 2027 earnings report. For example, Wall Street Zen downgraded the stock from "buy" to "hold" on July 25, 2026, while KeyCorp cut its target price from $370.00 to $280.00 and B. Riley Financial lowered its target from $340.00 to $305.00 on July 30, 2026. The average price target across analysts decreased by 7.3% to $316 around August 2, 2026.
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Stock Movement Drivers
Fundamental Drivers
The -30.2% change in MOD stock from 5/31/2026 to 9/4/2026 was primarily driven by a -41.0% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 278.91 | 194.66 | -30.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,181 | 3,372 | 6.0% |
| Net Income Margin (%) | 3.8% | 4.3% | 12.0% |
| P/E Multiple | 121.9 | 72.0 | -41.0% |
| Shares Outstanding (Mil) | 53 | 53 | -0.4% |
| Cumulative Contribution | -30.2% |
Market Drivers
5/31/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MOD | -30.2% | |
| Market (SPY) | 1.8% | 58.0% |
| Sector (XLY) | -4.9% | 13.8% |
Fundamental Drivers
The -14.3% change in MOD stock from 2/28/2026 to 9/4/2026 was primarily driven by a -41.4% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 227.25 | 194.66 | -14.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,874 | 3,372 | 17.3% |
| Net Income Margin (%) | 3.4% | 4.3% | 25.6% |
| P/E Multiple | 122.7 | 72.0 | -41.4% |
| Shares Outstanding (Mil) | 53 | 53 | -0.9% |
| Cumulative Contribution | -14.3% |
Market Drivers
2/28/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MOD | -14.3% | |
| Market (SPY) | 12.6% | 59.9% |
| Sector (XLY) | -1.5% | 27.8% |
Fundamental Drivers
The 43.0% change in MOD stock from 8/31/2025 to 9/4/2026 was primarily driven by a 88.8% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 136.13 | 194.66 | 43.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,605 | 3,372 | 29.5% |
| Net Income Margin (%) | 7.2% | 4.3% | -40.7% |
| P/E Multiple | 38.1 | 72.0 | 88.8% |
| Shares Outstanding (Mil) | 53 | 53 | -1.3% |
| Cumulative Contribution | 43.0% |
Market Drivers
8/31/2025 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MOD | 43.0% | |
| Market (SPY) | 20.4% | 52.9% |
| Sector (XLY) | -0.3% | 27.5% |
Fundamental Drivers
The 309.0% change in MOD stock from 8/31/2023 to 9/4/2026 was primarily driven by a 430.8% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.59 | 194.66 | 309.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,379 | 3,372 | 41.7% |
| Net Income Margin (%) | 7.7% | 4.3% | -44.6% |
| P/E Multiple | 13.6 | 72.0 | 430.8% |
| Shares Outstanding (Mil) | 52 | 53 | -1.9% |
| Cumulative Contribution | 309.0% |
Market Drivers
8/31/2023 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MOD | 309.0% | |
| Market (SPY) | 77.1% | 55.7% |
| Sector (XLY) | 37.7% | 43.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MOD Return | -20% | 97% | 201% | 94% | 15% | 40% | 1386% |
| Peers Return | 7% | -12% | 16% | -21% | 15% | 35% | 36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| MOD Win Rate | 42% | 50% | 67% | 67% | 67% | 56% | |
| Peers Win Rate | 55% | 40% | 47% | 35% | 58% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| MOD Max Drawdown | -48% | -31% | -27% | -22% | -51% | -42% | |
| Peers Max Drawdown | -32% | -42% | -32% | -35% | -33% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VC, PATK, CVGI, MGA, BWA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | MOD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.1% | -18.8% |
| % Gain to Breakeven | 28.3% | 23.1% |
| Time to Breakeven | 11 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.1% | -6.7% |
| % Gain to Breakeven | 16.5% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.2% | -24.5% |
| % Gain to Breakeven | 35.5% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.0% | -33.7% |
| % Gain to Breakeven | 185.9% | 50.9% |
| Time to Breakeven | 217 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.9% | -19.2% |
| % Gain to Breakeven | 51.4% | 23.8% |
| Time to Breakeven | 37 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -20.2% | -3.7% |
| % Gain to Breakeven | 25.3% | 3.9% |
| Time to Breakeven | 10 days | 6 days |
In The Past
Modine Manufacturing's stock fell -22.1% during the 2025 US Tariff Shock. Such a loss loss requires a 28.3% gain to breakeven.
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Asset Allocation
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| Event | MOD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.1% | -18.8% |
| % Gain to Breakeven | 28.3% | 23.1% |
| Time to Breakeven | 11 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.2% | -24.5% |
| % Gain to Breakeven | 35.5% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -65.0% | -33.7% |
| % Gain to Breakeven | 185.9% | 50.9% |
| Time to Breakeven | 217 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.9% | -19.2% |
| % Gain to Breakeven | 51.4% | 23.8% |
| Time to Breakeven | 37 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -20.2% | -3.7% |
| % Gain to Breakeven | 25.3% | 3.9% |
| Time to Breakeven | 10 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -37.2% | -12.2% |
| % Gain to Breakeven | 59.2% | 13.9% |
| Time to Breakeven | 28 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -57.7% | -6.8% |
| % Gain to Breakeven | 136.6% | 7.3% |
| Time to Breakeven | 307 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -43.5% | -17.9% |
| % Gain to Breakeven | 76.9% | 21.8% |
| Time to Breakeven | 750 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -48.1% | -15.4% |
| % Gain to Breakeven | 92.7% | 18.2% |
| Time to Breakeven | 126 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -95.0% | -53.4% |
| % Gain to Breakeven | 1899.3% | 114.4% |
| Time to Breakeven | 690 days | 1085 days |
In The Past
Modine Manufacturing's stock fell -22.1% during the 2025 US Tariff Shock. Such a loss loss requires a 28.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Modine Manufacturing (MOD)
Modine Manufacturing (MOD) is a global leader specializing in engineered heat transfer systems and components. The company designs and manufactures solutions critical for thermal management across diverse applications, primarily operating through its Building HVAC Systems and Heavy Duty Equipment and Automotive segments. Essentially, Modine ensures efficient heating, cooling, and ventilation for various industries and equipment worldwide.
Within its Building HVAC Systems segment, Modine provides a wide array of products for commercial, industrial, and data center environments. These offerings include various types of unit heaters, duct furnaces, infrared units, hydronic heating products, roof-mounted ventilation and makeup air units, precision air conditioning units for data centers, chillers, and specialized coils and coolers. These solutions are vital for maintaining comfortable indoor climates, ensuring air quality, and managing heat in critical infrastructure.
For the Heavy Duty Equipment and Automotive segment, Modine develops advanced cooling solutions for vehicles and industrial machinery. Its products encompass powertrain cooling components like engine cooling modules, radiators, charge air coolers, and oil coolers, along with on-engine cooling systems and complete battery thermal management systems for electric vehicles. Modine's primary customers are Original Equipment Manufacturers (OEMs) in the HVAC, automotive, truck, bus, agricultural, construction, and industrial equipment sectors, alongside construction professionals and heating equipment wholesalers globally.
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Here are 1-2 brief analogies to describe Modine Manufacturing (MOD):
- Like Carrier for commercial HVAC, but also a critical supplier of cooling systems for automotive and heavy industrial equipment.
- The Parker-Hannifin of heat transfer systems, supplying specialized heating and cooling components for buildings, vehicles, and machinery.
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- HVAC Heating Products: Modine provides unit heaters, duct furnaces, infrared units, and various hydronic heating components for commercial and industrial applications.
- HVAC Ventilation & Air Conditioning: The company offers makeup air units, rooftop ventilation units, air-handling units, chillers, and precision cooling systems for data centers.
- Heat Transfer Coils & Coolers: Products include microchannel, heat recovery, and plate fin coils, alongside units for cooling fluids, transformer oil, and brine.
- Protective Coatings: Modine supplies specialized coatings designed to enhance the corrosion resistance of its heat transfer components.
- Automotive & Off-Highway Powertrain Cooling: Comprehensive systems and components are provided for managing engine, transmission, and auxiliary fluid temperatures in vehicles.
- Battery & Electronics Thermal Management: Integrated solutions are offered for cooling electric vehicle batteries and critical electronic packages.
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Modine Manufacturing (symbol: MOD) sells primarily to other companies (B2B). The company's major customers fall into the following categories:
- Original Equipment Manufacturers (OEMs): This includes manufacturers of heating, ventilation, and cooling (HVAC) systems; automobile, truck, bus, and specialty vehicles; agricultural, industrial, and construction equipment; and other commercial and industrial equipment.
- Construction Architects and Contractors: These professionals utilize Modine's HVAC and hydronic products for building applications.
- Wholesalers of Heating Equipment: These companies act as distributors for Modine's heating solutions.
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Neil D. Brinker President and Chief Executive Officer
Neil D. Brinker was named President and Chief Executive Officer and a member of Modine's Board of Directors in December 2020. Before joining Modine, Mr. Brinker served as President and Chief Operating Officer of Advanced Energy Industries, Inc. from May 2020, and Executive Vice President and Chief Operating Officer from June 2018. He also spent six years with IDEX Corporation in various senior leadership roles, including Group President. Earlier in his career, he held management roles at Danaher Corporation and operations roles at General Motors. Mr. Brinker holds a Bachelor of Science in Mechanical Engineering from Michigan State University, a Master of Engineering from the University of Michigan, and a Master of Business Administration from Eastern Michigan University.
Michael B. (Mick) Lucareli Executive Vice President and Chief Financial Officer
Michael B. (Mick) Lucareli was appointed Executive Vice President and Chief Financial Officer in May 2021. He previously served as Vice President, Finance and Chief Financial Officer since July 2010. Mr. Lucareli joined Modine in August 1999 and has held various leadership positions within the company, including Manager, Business Development and Investor Relations; Director, Financial Operations and Analysis; Managing Director, Financial Operations; and Vice President, Corporate Treasurer. Prior to Modine, Mr. Lucareli was Director of Research at Alpha Investments Group and a securities analyst and portfolio manager at Associated Investment Management Group. He earned a bachelor's degree in economics from the University of Wisconsin-Madison and a Master of Business Administration (MBA) from Loyola University in Chicago.
Eric S. McGinnis President, Climate Solutions
Eric S. McGinnis was named President, Climate Solutions in April 2022, overseeing Modine's Heating, Indoor Air Quality, Data Center, Heat Transfer Products, and Global Coolers and Power & Process businesses. Prior to this role, he was Vice President, Building HVAC since August 2021. Mr. McGinnis spent 11 years with General Electric, where he held various business leadership roles, including General Manager of its Commercial and Industrial Motors business and General Manager of GE Motors' first joint venture in China. He holds a Bachelor of Science in Mechanical Engineering from Michigan State University.
Kathleen T. Powers Vice President, Treasurer, Investor Relations and Tax
Kathleen T. Powers was named Vice President, Treasurer, Investor Relations and Tax in July 2016. She joined Modine in October 2011 as Vice President, Treasurer and Investor Relations, and took on responsibility for the corporate tax function in 2016. Before Modine, Ms. Powers was the Director of Global Treasury for Diversey, Inc. Her prior experience includes various financial leadership roles at CNH Global, including Treasurer of CNH Capital Europe, and work in public accounting at Arthur Andersen LLP. Ms. Powers holds a bachelor's degree in Accounting and Management from the University of Wisconsin-Madison and a Master of Business Administration (MBA) from Marquette University.
Erin J. Roth Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Erin J. Roth was appointed Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer in November 2023. In this role, she leads Modine's global Legal, Compliance, and Sustainability teams. Her previous experience includes leadership roles at Wabash National Corporation and MacLean-Fogg Company (now a subsidiary of MasTec, Inc.). Earlier in her career, Ms. Roth practiced law at Barnes & Thornburg, focusing on complex commercial and intellectual property litigation. She holds a Bachelor of Science in Accounting from Butler University and a Juris Doctorate from the Georgetown University Law Center.
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Key Risks to Modine Manufacturing (MOD)
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Disruption from the Transition to Electric Vehicles (EVs) and Alternative Powertrains: A significant portion of Modine's Heavy Duty Equipment and Automotive segments relies on powertrain cooling products for internal combustion engines (ICE), including engine cooling modules, radiators, charge air coolers, and various oil and fuel coolers. The accelerating global shift from ICE vehicles to electric vehicles and other alternative powertrains presents a substantial risk if the demand for these traditional components declines faster than Modine can expand its market share and offerings in battery thermal management systems and electronics cooling packages for EVs. This transition could lead to reduced demand for existing product lines and necessitate significant investment in new technologies and manufacturing capabilities.
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Sensitivity to Economic Cycles and Demand Volatility in Key End Markets: Modine Manufacturing serves diverse industries that are highly susceptible to economic fluctuations, including automotive, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; and the broader construction and HVAC markets. Economic downturns, reduced consumer and business spending, or disruptions in these cyclical end markets can directly lead to decreased demand for Modine's engineered heat transfer systems and components, impacting sales volumes, revenue, and profitability.
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Modine Manufacturing Company participates in several addressable markets for its heat transfer systems and components. The market sizes for its main products and services are as follows:
Commercial HVAC Systems
The global commercial HVAC system market was valued at approximately USD 72.03 billion in 2025. This market is projected to grow to about USD 119.76 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 5.90% during the forecast period. Another estimate indicates the global commercial HVAC market size was valued at around USD 61.88 billion in 2023 and is projected to reach USD 120.63 billion by 2032, growing at a CAGR of roughly 7.70% between 2024 and 2032. Asia Pacific dominated the commercial HVAC system market with a share of 49.80% in 2025.
Data Center Cooling
The global data center cooling market size was valued between USD 11.65 billion and USD 26.31 billion in 2025. It is projected to grow significantly, with estimates reaching between USD 30.99 billion and USD 128.31 billion by 2034/2033. One source indicated the market was valued at USD 18.78 billion in 2025 and is projected to reach USD 54.18 billion by 2034. North America held a significant share, with the U.S. market expected to be valued at USD 5.26 billion by 2026.
Automotive Thermal Management Systems
The global automotive thermal management system market size was valued between US$ 82.6 billion and USD 105.84 billion in 2025. It is projected to reach US$ 173.8 billion by 2036. Another estimate projects the market to grow from USD 112.9 billion in 2025 to reach USD 182.81 billion by 2033. The Asia Pacific region dominated this market in 2025, holding a revenue share of 41%.
Automotive Battery Thermal Management Systems
The global automotive battery thermal management system market size was valued between USD 3.83 billion and USD 4.2 billion in 2025. It is projected to reach USD 19.98 billion by 2034. Asia Pacific dominated the global market with a share of 45.93% in 2025.
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Modine Manufacturing Company (MOD) is expected to drive future revenue growth over the next two to three years through several key initiatives:
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Expansion in Data Center Cooling Solutions: Modine is making significant investments to expand its capacity for data center cooling products, driven by the increasing demand for AI and high-density computing. The company announced a multi-year $100 million investment in July 2025 to scale production of its Airedale by Modine™ data center cooling solutions, including new manufacturing facilities in Franklin, Wisconsin, and Grand Prairie, Texas. Management is guiding for 50-70% annual growth in the data center business over the next two fiscal years, with anticipated total data center revenues approaching $2 billion by fiscal year 2028.
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Growth in Commercial Indoor Air Quality (IAQ) and Broader Climate Solutions Offerings: Modine is strategically expanding its Climate Solutions portfolio beyond core cooling through a series of acquisitions. Between 2024 and July 2025, Modine completed nine acquisitions, including Scott Springfield Manufacturing, Napps Technology, AbsolutAire, L.B. White, and Climate by Design International. These acquisitions enhance its capabilities in areas such as direct-fired heating, specialty heating and ventilation, desiccant dehumidification, and critical process air handling, diversifying its offerings and expanding its market reach within the commercial HVAC sector.
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Increased Adoption of Electric Vehicle (EV) Thermal Management Systems: Modine is positioning itself to capitalize on the growing global commercial electric vehicle market with its EVantage™ thermal management systems. The company expanded production of these battery thermal management and electronics cooling systems to its facility in Pontevico, Italy, starting in 2024, to serve heavy-duty, commercial, and specialty vehicle manufacturers in Europe. This addresses the unique thermal management needs of commercial EV batteries, supporting optimal performance, durability, range, and safety.
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Share Repurchases
- Modine's Board of Directors authorized a new $100 million share repurchase program effective March 7, 2025, which does not expire and replaced a previous program that had expired in November 2024.
- The company repurchased $18 million of common stock in fiscal year 2025.
- Modine repurchased $13 million of its common stock in fiscal year 2024.
Outbound Investments
- Modine acquired Scott Springfield Manufacturing for $184.1 million on March 1, 2024, with an additional $2.4 million paid in July 2024 for working capital adjustments.
- The company entered into a definitive agreement to acquire L.B. White for approximately $112 million, with the transaction expected to close on May 31, 2025.
- Modine plans to spin off and simultaneously combine its Performance Technologies business with Gentherm in a Reverse Morris Trust transaction, valued at approximately $1.0 billion, which is anticipated to close in the fourth quarter of calendar 2026.
Capital Expenditures
- Capital expenditures totaled $84 million in fiscal year 2025, with $53 million allocated to the Climate Solutions segment, primarily for expanding data center cooling product capacity, and $30 million to the Performance Technologies segment for tooling and equipment related to vehicular customer programs.
- In fiscal year 2024, capital expenditures were $88 million.
- Modine announced a new $100 million investment over 12-18 months (from July 29, 2025) to expand its U.S. manufacturing capacity for data center cooling products, including a new facility in Dallas, TX, expansion in Grenada, MS, and potential repurposing of existing sites.
Peer Outperformance in Automotive Parts & Equipment
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -15.8% | 96.8% | 67.7% | LINC 310% · CVSA 245% · PRDO 227% |
| Homebuilding | 18 | -9.7% | 22.2% | 39.7% | GRBK 188% · PHM 144% · TOL 134% |
| Automotive Retail | 18 | -16.2% | 16.7% | 17.3% | MUSA 233% · PAG 183% · ORLY 125% |
| Hotels, Resorts & Cruise Lines | 22 | 13.3% | 53.0% | 11.0% | RCL 243% · MAR 164% · HLT 156% |
| Home Improvement Retail | 5 | -21.1% | -5.8% | 9.4% | HVT 12% · HD 10% · LOW 9% |
| Specialty Stores | 7 | -4.4% | 33.4% | 6.8% | FIVE 30% · DKS 12% · SIG 9% |
| Distributors | 4 | -7.7% | -22.4% | -5.8% | ARMK 144% · GPC 31% · LKQ -42% |
| Home Furnishings | 4 | -5.3% | 26.1% | -12.2% | SGI 61% · LZB 7% · MHK -31% |
| Specialized Consumer Services | 10 | -11.7% | 36.9% | -14.1% | HRB 125% · FTDR 89% · SCI 40% |
| Restaurants | 34 | -9.9% | -12.5% | -14.5% | EAT 347% · CAKE 166% · RAVE 141% |
| Footwear | 9 | 48.3% | 38.3% | -15.9% | WEYS 161% · DECK 26% · SHOO 23% |
| Apparel Retail | 25 | -4.1% | 12.1% | -25.4% | ANF 330% · DXLG 213% · URBN 151% |
| Leisure Products | 13 | -16.0% | -19.5% | -32.5% | GOLF 86% · HAS 14% · MCFT -10% |
| Leisure Facilities | 11 | 2.1% | -10.8% | -33.5% | OSW 126% · JAKK 91% · ESCA 16% |
| Casinos & Gaming | 20 | -11.0% | -23.9% | -34.0% | MCRI 110% · RSI 72% · RRR 55% |
| Automotive Parts & Equipment ← | 38 | -15.5% | -3.4% | -34.1% | MOD 1479% · GTX 299% · STRT 98% |
| Apparel, Accessories & Luxury Goods | 27 | -3.9% | -7.2% | -39.3% | TPR 242% · RL 238% · ELA 219% |
| Household Appliances | 18 | 10.9% | 42.3% | -43.2% | KEQU 179% · FLXS 164% · HBB 113% |
| Broadline Retail | 14 | 1.6% | 20.5% | -50.4% | DDS 319% · AMZN 49% · EBAY 48% |
| Computer & Electronics Retail | 3 | -14.3% | -0.4% | -60.8% | BBY 0% · UPBD -61% · GME -62% |
| Automobile Manufacturers | 8 | -61.5% | -46.3% | -70.1% | GM 88% · F 55% · TSLA 45% |
| Other Specialty Retail | 18 | -25.1% | -45.4% | -76.6% | TLF 109% · BBW 101% · WINA 78% |
| Consumer Electronics | 11 | 4.5% | -8.9% | -80.7% | AXIL 2336% · GRMN 74% · MSN -56% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 75.86 |
| Mkt Cap | 6.6 |
| Rev LTM | 3,859 |
| Op Inc LTM | 323 |
| FCF LTM | 142 |
| FCF 3Y Avg | 234 |
| CFO LTM | 275 |
| CFO 3Y Avg | 343 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | 1.2% |
| Rev Chg Q | 1.8% |
| QoQ Delta Rev Chg LTM | 0.4% |
| Op Inc Chg LTM | 13.5% |
| Op Inc Chg 3Y Avg | 7.9% |
| Op Mgn LTM | 7.0% |
| Op Mgn 3Y Avg | 7.7% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 8.7% |
| FCF/Rev LTM | 3.7% |
| FCF/Rev 3Y Avg | 5.2% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Climate Solutions | 2,062 | 1,441 | 1,108 | 1,057 | 910 |
| Performance Technologies | 1,132 | 1,164 | 1,321 | 1,268 | 1,172 |
| Corporate and eliminations | -13 | -21 | -22 | -26 | -33 |
| Total | 3,181 | 2,584 | 2,408 | 2,298 | 2,050 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Climate Solutions | 321 | 248 | 179 | 132 | 73 |
| Performance Technologies | 110 | 108 | 112 | 58 | 77 |
| Corporate and eliminations | -88 | -73 | -50 | -39 | -32 |
| Total | 342 | 284 | 241 | 150 | 119 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Other | 1,438 | 1,098 | 1,071 | 843 | |
| Climate Solutions | 834 | 449 | 401 | 335 | |
| Performance Technologies | 403 | 371 | 380 | 388 | |
| Automotive | 189 | ||||
| Building heating, ventilating, air conditioning (BHVAC) | 224 | ||||
| Commercial and Industrial Solutions (CIS) | 536 | ||||
| Corporate and eliminations | -11 | ||||
| Heavy Duty Equipment (HDE) | 489 | ||||
| Total | 2,675 | 1,918 | 1,852 | 1,566 | 1,427 |
Price Behavior
| Market Price | $194.66 | |
| Market Cap ($ Bil) | 10.4 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -36.6% | |
| 50 Days | 200 Days | |
| DMA Price | $211.57 | $210.01 |
| DMA Trend | up | down |
| Distance from DMA | -8.0% | -7.3% |
| 3M | 1YR | |
| Volatility | 68.8% | 69.5% |
| Downside Capture | 399.40 | 314.37 |
| Upside Capture | 162.60 | 293.83 |
| Correlation (SPY) | 60.0% | 53.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.52 | 3.21 | 3.11 | 3.20 | 2.90 | 2.38 |
| Up Beta | 0.66 | 4.56 | 2.94 | 3.03 | 2.67 | 2.12 |
| Down Beta | 2.74 | 4.45 | 3.33 | 2.68 | 2.69 | 2.31 |
| Up Capture | 65% | 87% | 219% | 447% | 818% | 8072% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 29 | 59 | 126 | 399 |
| Down Capture | 407% | 365% | 322% | 257% | 181% | 113% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 35 | 68 | 124 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MOD | |
|---|---|---|---|---|
| MOD | 43.3% | 69.5% | 0.80 | - |
| Sector ETF (XLY) | -1.7% | 19.4% | -0.21 | 27.5% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 52.9% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 18.0% |
| Commodities (DBC) | 44.1% | 20.4% | 1.69 | -6.9% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 12.5% |
| Bitcoin (BTCUSD) | -26.9% | 43.8% | -0.59 | 15.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MOD | |
|---|---|---|---|---|
| MOD | 73.3% | 61.2% | 1.14 | - |
| Sector ETF (XLY) | 5.6% | 24.1% | 0.19 | 43.0% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 50.4% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 7.0% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | 8.0% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 28.1% |
| Bitcoin (BTCUSD) | 10.6% | 52.6% | 0.38 | 20.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MOD | |
|---|---|---|---|---|
| MOD | 33.9% | 59.4% | 0.74 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 42.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 46.3% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 2.1% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 14.1% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 32.3% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 8.9% | 9.3% | 4.6% |
| 5/26/2026 | -5.4% | 3.7% | -4.1% |
| 2/4/2026 | 2.9% | 10.0% | -6.1% |
| 10/28/2025 | -4.2% | -9.8% | -1.9% |
| 7/30/2025 | 18.4% | 20.2% | 25.4% |
| 5/20/2025 | -11.7% | -14.0% | -8.4% |
| 2/4/2025 | 6.7% | -1.4% | -22.8% |
| 10/29/2024 | -7.2% | -13.4% | 2.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 16 |
| # Negative | 9 | 8 | 9 |
| Median Positive | 12.7% | 18.5% | 21.0% |
| Median Negative | -5.4% | -7.3% | -6.1% |
| Max Positive | 30.4% | 37.7% | 58.9% |
| Max Negative | -14.8% | -14.0% | -24.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 8.9% | 9.3% | 4.6% |
| 5/26/2026 | -5.4% | 3.7% | -4.1% |
| 2/4/2026 | 2.9% | 10.0% | -6.1% |
| 10/28/2025 | -4.2% | -9.8% | -1.9% |
| 7/30/2025 | 18.4% | 20.2% | 25.4% |
| 5/20/2025 | -11.7% | -14.0% | -8.4% |
| 2/4/2025 | 6.7% | -1.4% | -22.8% |
| 10/29/2024 | -7.2% | -13.4% | 2.3% |
| 7/30/2024 | 18.9% | 2.5% | 15.8% |
| 5/21/2024 | -4.7% | -4.9% | -7.3% |
| 1/30/2024 | 3.5% | 1.7% | 34.3% |
| 11/1/2023 | -1.9% | 3.4% | 25.9% |
| 8/2/2023 | 13.3% | 22.7% | 24.6% |
| 5/24/2023 | 23.8% | 37.6% | 58.1% |
| 2/1/2023 | -6.1% | -4.3% | 10.0% |
| 11/2/2022 | 12.1% | 21.4% | 26.0% |
| 8/3/2022 | 8.1% | 20.8% | 10.6% |
| 5/25/2022 | 24.7% | 37.7% | 30.3% |
| 2/2/2022 | 16.3% | 18.5% | 1.5% |
| 11/2/2021 | 0.6% | 4.8% | -3.5% |
| 8/4/2021 | -14.8% | -11.0% | -24.8% |
| 5/26/2021 | -1.9% | 7.1% | -1.8% |
| 2/4/2021 | 1.0% | -0.2% | 9.7% |
| 11/5/2020 | 30.4% | 36.3% | 58.9% |
| 8/4/2020 | 18.6% | 23.6% | 17.3% |
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 16 |
| # Negative | 9 | 8 | 9 |
| Median Positive | 12.7% | 18.5% | 21.0% |
| Median Negative | -5.4% | -7.3% | -6.1% |
| Max Positive | 30.4% | 37.7% | 58.9% |
| Max Negative | -14.8% | -14.0% | -24.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 05/27/2026 | 10-K |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/21/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/22/2024 | 10-K |
| 12/31/2023 | 01/31/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/25/2023 | 10-K |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 05/27/2026 | 10-K |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/21/2025 | 10-K |
| 12/31/2024 | 02/05/2025 | 10-Q |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/22/2024 | 10-K |
| 12/31/2023 | 01/31/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/25/2023 | 10-K |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/26/2022 | 10-K |
| 12/31/2021 | 02/03/2022 | 10-Q |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/27/2021 | 10-K |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/29/2020 | 10-K |
| 12/31/2019 | 02/05/2020 | 10-Q |
| 09/30/2019 | 11/08/2019 | 10-Q |
Recent Forward Guidance
Updated 7/30/2026Latest: Q1 2027 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Depreciation and Amortization Expense | Reported | 87.00 Mil | 89.50 Mil | 92.00 Mil | ||||
| 2027 Transaction Costs | Reported | 25.00 Mil | 30.00 Mil | 35.00 Mil | ||||
| 2027 Net Sales Growth | Reported | 20.0% | 27.5% | 35.0% | 0.0% | Affirmed | Guidance: 27.5% for 2027 | |
| 2027 Adjusted EBITDA | Reported | 650.00 Mil | 665.00 Mil | 680.00 Mil | 0.0% | Affirmed | Guidance: 665.00 Mil for 2027 | |
| 2027 Interest Expense | Reported | 24.00 Mil | 25.50 Mil | 27.00 Mil | ||||
| 2027 Provision for Income Taxes | Reported | 130.00 Mil | 135.00 Mil | 140.00 Mil | ||||
Prior: Q4 2026 Earnings Reported 5/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Net Sales Growth | Reported | 20.0% | 27.5% | 35.0% | 5.0% | Higher New | Guidance: 22.5% for 2026 | |
| 2027 Adjusted EBITDA | Reported | 650.00 Mil | 665.00 Mil | 680.00 Mil | 43.0% | Higher New | Guidance: 465.00 Mil for 2026 | |
Q3 2026 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales Growth | Reported | 20.0% | 22.5% | 25.0% | 5.0% | Raised | Guidance: 17.5% for 2026 | |
| 2026 Data Center Revenue Growth | Reported | 70.0% | 10.0% | Raised | Guidance: 60.0% for 2026 | |||
| 2026 Adjusted EBITDA | Reported | 455.00 Mil | 465.00 Mil | 475.00 Mil | 2.2% | Raised | Guidance: 455.00 Mil for 2026 | |
Q2 2026 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Non-cash pension settlement charges | Reported | 120.00 Mil | 122.50 Mil | 125.00 Mil | ||||
| 2026 Net Sales Growth | Reported | 15.0% | 17.5% | 20.0% | 5.0% | Raised | Guidance: 12.5% for 2026 | |
| 2026 Data Centers Revenue Growth | Reported | 60.0% | ||||||
| 2026 Adjusted EBITDA | Reported | 440.00 Mil | 455.00 Mil | 470.00 Mil | 0 | Affirmed | Guidance: 455.00 Mil for 2026 | |
Insider Activity
Updated 8/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McGinnis, Eric S | President, Commercial HVAC | Direct | Sell | 6222026 | 295.06 | 1,020 | 300,966 | 8,369,224 | Form |
| 2 | Agen, Brian Jon | VP, CHRO | Direct | Sell | 6222026 | 295.17 | 38,282 | 11,299,598 | 19,582,291 | Form |
| 3 | Ashleman, Eric D | Direct | Sell | 6182026 | 288.54 | 15,000 | 4,328,162 | 12,219,843 | Form | |
| 4 | Laszlo, Arthur JR | President, Data Centers | Direct | Sell | 6022026 | 295.76 | 900 | 266,184 | 3,710,310 | Form |
| 5 | McGinnis, Eric S | President, Commercial HVAC | Direct | Sell | 6022026 | 287.89 | 24,002 | 6,909,928 | 8,459,350 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McGinnis, Eric S | President, Commercial HVAC | Direct | Sell | 6222026 | 295.06 | 1,020 | 300,966 | 8,369,224 | Form |
| 2 | Agen, Brian Jon | VP, CHRO | Direct | Sell | 6222026 | 295.17 | 38,282 | 11,299,598 | 19,582,291 | Form |
| 3 | Ashleman, Eric D | Direct | Sell | 6182026 | 288.54 | 15,000 | 4,328,162 | 12,219,843 | Form | |
| 4 | Laszlo, Arthur JR | President, Data Centers | Direct | Sell | 6022026 | 295.76 | 900 | 266,184 | 3,710,310 | Form |
| 5 | McGinnis, Eric S | President, Commercial HVAC | Direct | Sell | 6022026 | 287.89 | 24,002 | 6,909,928 | 8,459,350 | Form |
| 6 | McGinnis, Eric S | President, Commercial HVAC | Direct | Sell | 6022026 | 280.26 | 14,080 | 3,946,061 | 15,147,773 | Form |
| 7 | Williams, Marsha C | Direct | Sell | 2262026 | 234.71 | 12,000 | 2,816,520 | 25,971,366 | Form | |
| 8 | Lucareli, Michael B | EVP, CFO | Direct | Sell | 2182026 | 219.12 | 19,595 | 4,293,671 | 12,178,293 | Form |
| 9 | Garimella, Suresh V | Direct | Sell | 2032026 | 184.07 | 1,100 | 202,477 | 14,699,094 | Form | |
| 10 | Garimella, Suresh V | Direct | Sell | 1232026 | 150.00 | 1,100 | 165,000 | 12,143,400 | Form | |
| 11 | Brinker, Neil David | President and CEO | Direct | Sell | 12042025 | 160.56 | 31,871 | 5,117,337 | 38,264,343 | Form |
| 12 | McGinnis, Eric S | President, Climate Solutions | Direct | Sell | 8262025 | 140.86 | 25,173 | 3,545,921 | 2,812,452 | Form |
| 13 | Garimella, Suresh V | Direct | Sell | 8252025 | 140.29 | 14,204 | 1,992,642 | 11,511,421 | Form | |
| 14 | Williams, Marsha C | Direct | Sell | 8132025 | 134.77 | 25,761 | 3,471,908 | 16,265,715 | Form | |
| 15 | Lucareli, Michael B | EVP, CFO | Direct | Sell | 8062025 | 140.47 | 40,422 | 5,678,166 | 5,888,593 | Form |
| 16 | Lucareli, Michael B | EVP, CFO | Direct | Sell | 8042025 | 128.33 | 80,661 | 10,351,485 | 8,588,059 | Form |
| 17 | Lucareli, Michael B | EVP, CFO | Direct | Sell | 7312025 | 115.00 | 5,778 | 664,470 | 13,931,330 | Form |
| 18 | Agen, Brian Jon | VP, CHRO | Direct | Sell | 7312025 | 110.50 | 47,939 | 5,297,181 | 9,946,510 | Form |
Investor Activity (13F)
Updated Sep 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Paradigm Capital Management Inc/Ny | $315.4 Mil | 12.1% | 174 | Hold | 13F |
| CloudAlpha Capital Management Limited/Hong Kong | $92.6 Mil | 10.2% | 37 | New | 13F |
| WT Asset Management Ltd | $252.0 Mil | 5.3% | 32 | ADD +124.2% | 13F |
| XN LP | $140.1 Mil | 5.1% | 23 | New | 13F |
| Southernsun Asset Management, LLC | $23.9 Mil | 3.5% | 31 | TRIM -55.6% | 13F |
| E20 Capital Ltd | $24.9 Mil | 2.3% | 22 | New | 13F |
| Neumeier Poma Investment Counsel LLC | $24.8 Mil | 2.0% | 41 | TRIM -6.2% | 13F |
| FengHe Fund Management Pte. Ltd. | $13.6 Mil | 1.9% | 31 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Paradigm Capital Management Inc/Ny | $315.4 Mil | 12.1% | 174 | Hold | 13F |
| WT Asset Management Ltd | $252.0 Mil | 5.3% | 32 | ADD +124.2% | 13F |
| XN LP | $140.1 Mil | 5.1% | 23 | New | 13F |
| CloudAlpha Capital Management Limited/Hong Kong | $92.6 Mil | 10.2% | 37 | New | 13F |
| E20 Capital Ltd | $24.9 Mil | 2.3% | 22 | New | 13F |
| Neumeier Poma Investment Counsel LLC | $24.8 Mil | 2.0% | 41 | TRIM -6.2% | 13F |
| Southernsun Asset Management, LLC | $23.9 Mil | 3.5% | 31 | TRIM -55.6% | 13F |
| FengHe Fund Management Pte. Ltd. | $13.6 Mil | 1.9% | 31 | New | 13F |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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