Modine shares fall 3.1% as traders cool on recent data-center-driven rally

Modine Manufacturing Company (MOD) is down 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks less like a single new headline and more like a pullback after a strong recent run tied to upbeat results and a major multi-year data center cooling agreement. Investors may also be reassessing near-term margin and balance-sheet pressure tied to rapid capacity expansion.

Details:

Modine recently disclosed a long-term capacity agreement to supply more than $4 billion of Airedale-branded data center cooling products during calendar years 2027–2029, supported by a $165 million upfront customer payment for capacity investments.

In its latest reported quarter and fiscal-year update, Modine posted record fiscal 2026 net sales of about $3.18 billion and provided fiscal 2027 guidance calling for meaningful growth and higher adjusted EBITDA.

The same materials highlighted that margins were pressured by temporary costs tied to scaling data-center capacity, alongside higher material costs and tariffs.

This could also be simple profit-taking after the stock’s sharp post-announcement surge, especially if the broader industrial/AI-infrastructure complex was weaker intraday.

Sources:

SEC, Modine Manufacturing, PR Newswire

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MOD Insider Trading Activity

$MOD insiders have traded $MOD stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $MOD stock by insiders over the last 6 months:

ERIC S MCGINNIS (President, Commercial HVAC) has made 0 purchases and 9 sales selling 38,082 shares for an estimated $10,855,989.
MICHAEL B LUCARELI (EVP, CFO) has made 0 purchases and 6 sales selling 19,595 shares for an estimated $4,293,671.
MARSHA C WILLIAMS sold 12,000 shares for an estimated $2,816,520
SURESH V GARIMELLA has made 0 purchases and 2 sales selling 2,200 shares for an estimated $367,477.
ARTHUR JR. LASZLO (President, Data Centers) sold 900 shares for an estimated $266,184

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$MOD Hedge Fund Activity

We have seen 276 institutional investors add shares of $MOD stock to their portfolio, and 305 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WELLINGTON MANAGEMENT GROUP LLP removed 1,859,378 shares (-64.6%) from their portfolio in Q1 2026, for an estimated $402,945,806
WASATCH ADVISORS LP removed 1,313,775 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $284,708,180
MACQUARIE GROUP LTD removed 949,022 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $126,703,927
INVESCO LTD. added 720,389 shares (+120.4%) to their portfolio in Q4 2025, for an estimated $96,179,135
XN LP added 646,333 shares (+inf%) to their portfolio in Q1 2026, for an estimated $140,066,824
WT ASSET MANAGEMENT LTD added 644,273 shares (+124.2%) to their portfolio in Q1 2026, for an estimated $139,620,401
PRICE T ROWE ASSOCIATES INC /MD/ removed 609,752 shares (-26.1%) from their portfolio in Q1 2026, for an estimated $132,139,355

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MOD Analyst Ratings

Wall Street analysts have issued reports on $MOD in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 02/18/2026
DA Davidson issued a "Buy" rating on 01/29/2026

To track analyst ratings and price targets for $MOD, check out Quiver Quantitative's $MOD forecast page.

$MOD Price Targets

Multiple analysts have issued price targets for $MOD recently. We have seen 7 analysts offer price targets for $MOD in the last 6 months, with a median target of $325.0.

Here are some recent targets:

Matt Summerville from DA Davidson set a target price of $330.0 on 05/29/2026
Noah Kaye from Oppenheimer set a target price of $325.0 on 05/28/2026
Neal Burk from UBS set a target price of $355.0 on 05/28/2026
David Tarantino from Keybanc set a target price of $370.0 on 05/27/2026
Jeff Van Sinderen from B. Riley Securities set a target price of $264.0 on 05/26/2026
Austin Wang from GLJ Research set a target price of $290.0 on 03/30/2026
Tom Hayes from Roth Capital set a target price of $263.0 on 02/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.