Quadrature Capital Ltd Buys Shares of 10,699 Barnes Group Inc. (NYSE:B)

Quadrature Capital Ltd bought a new position in shares of Barnes Group Inc. (NYSE:B) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,699 shares of the industrial products company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Barnes Group by 17.1% during the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 238 shares during the period. QRG Capital Management Inc. boosted its position in shares of Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 240 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Barnes Group by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after buying an additional 263 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Barnes Group by 2.8% in the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after buying an additional 323 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Barnes Group by 3.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after buying an additional 348 shares during the period. 90.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on B shares. DA Davidson restated a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Truist Financial raised their target price on shares of Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Finally, StockNews.com assumed coverage on shares of Barnes Group in a report on Wednesday, December 4th. They issued a “sell” rating for the company.

Barnes Group Trading Up 0.1 %

Barnes Group stock opened at $47.03 on Tuesday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -61.08 and a beta of 1.34. The firm has a 50-day moving average of $46.26 and a 200-day moving average of $41.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group Inc. has a one year low of $28.28 and a one year high of $47.40.

Barnes Group Company Profile

Barnes Group Inc provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices.