<div id="readability-page-1"><p>Hsbc Holdings PLC bought a new stake in shares of  Modine Manufacturing Company (NYSE:MOD - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 7,779 shares of the auto parts company's stock, valued at approximately $769,000.</p><div><p><span></span><span>Get <strong>Modine Manufacturing</strong> alerts:</span></p></div><ul><li>Ride the Rally: 3 Earnings Winners With More Upside Ahead</li></ul><p>Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Fund Management S.A. increased its holdings in  Modine Manufacturing by 325.5% in the second quarter. Capital Fund Management S.A. now owns 63,827 shares of the auto parts company's stock valued at $6,287,000 after purchasing an additional 48,826 shares during the last quarter.  Elevation Point Wealth Partners LLC acquired a new position in shares of  Modine Manufacturing during the 2nd quarter worth about $57,000.  Russell Investments Group Ltd. grew its position in shares of  Modine Manufacturing by 29.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 67,361 shares of the auto parts company's stock worth $6,635,000 after buying an additional 15,247 shares during the period.  Boston Partners acquired a new stake in shares of  Modine Manufacturing in the 2nd quarter valued at approximately $20,547,000.  Finally, Scalar Gauge Management LLC bought a new position in  Modine Manufacturing during the 2nd quarter worth approximately $3,349,000. 95.23% of the stock is currently owned by institutional investors. </p><h2>Modine Manufacturing Stock Up 7.1%</h2><p>Shares of MOD opened at $163.79 on Thursday. The firm has a market cap of $8.62 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.00. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $166.94. The firm's 50-day simple moving average is $152.17 and its 200 day simple moving average is $130.14. </p><ul><li>3 Summer Stocks With Insider Buying and Analyst Support</li></ul><p>Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.09. The business had revenue of $738.90 million during the quarter, compared to analysts' expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS.  On average, analysts forecast that  Modine Manufacturing Company will post 3.88 earnings per share for the current year. </p><h2>Insider Transactions at Modine Manufacturing</h2><p>In other Modine Manufacturing news, CEO Neil David Brinker sold 31,871 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total transaction of $5,117,207.76. Following the transaction, the chief executive officer owned 238,312 shares in the company, valued at $38,263,374.72. This represents a 11.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.48% of the stock is owned by corporate insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Forget Tesla: 3 Stocks to Ride the Elon Musk Effect</li></ul><p>Several research firms have weighed in on MOD. UBS Group began coverage on shares of Modine Manufacturing in a report on Thursday, November 20th. They issued a &#34;buy&#34; rating and a $173.00 target price on the stock. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Modine Manufacturing in a research report on Monday. KeyCorp lifted their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an &#34;overweight&#34; rating in a research note on Tuesday, October 14th. Zacks Research lowered Modine Manufacturing from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, September 29th. Finally, Oppenheimer increased their target price on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an &#34;outperform&#34; rating in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $182.00.</p><p><b>Get Our Latest Report on Modine Manufacturing</b></p><h2>Modine Manufacturing Profile</h2> (Free Report)<p>Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Modine Manufacturing</li><li>Insider Selling Explained: Can it Inform Your Investing Choices?</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>Where Do I Find 52-Week Highs and Lows?</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>Why Are Stock Sectors Important to Successful Investing?</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><strong>Want to see what other hedge funds are holding MOD?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Modine Manufacturing Company (NYSE:MOD - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1PRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1PRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Modine Manufacturing Right Now?</h2><p>Before you consider Modine Manufacturing, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Modine Manufacturing wasn't on the list.</p><p>While Modine Manufacturing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Hsbc Holdings PLC acquired 7,779 shares of Modine Manufacturing Company, valued at approximately $769,000, in the 2nd quarter. Other institutional investors also increased their positions in Modine. The company's stock rose 7.1%, with a market cap of $8.62 billion. Modine reported strong quarterly earnings, with revenue up 12.3% year-over-year. Analysts have given the stock a consensus rating of 'Moderate Buy' with a price target of $182.00.</p>

- HSBC Holdings PLC acquired 7,779 shares of Modine Manufacturing Company, valued at approximately $769,000, in the second quarter.  
- Other institutional investors also increased their stakes, with Capital Fund Management S.A. raising its holdings by 325.5% to 63,827 shares worth $6,287,000.  
- Modine Manufacturing reported a quarterly earnings per share of $1.06, exceeding estimates, and its revenue increased by 12.3% year-over-year, indicating strong financial performance.

Hsbc Holdings PLC Makes New Investment in Modine Manufacturing Company $MOD