Quantbot Technologies LP Takes Position in Barnes Group Inc. (NYSE:B)

Quantbot Technologies LP acquired a new stake in shares of Barnes Group Inc. (NYSE:B - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,396 shares of the industrial products company's stock, valued at approximately $1,511,000. Quantbot Technologies LP owned 0.07% of Barnes Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in B. GAMMA Investing LLC grew its position in Barnes Group by 17.1% in the 3rd 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. SG Americas Securities LLC bought a new position in shares of Barnes Group in the third quarter valued at $178,000. Quest Partners LLC acquired a new position in shares of Barnes Group during the third quarter valued at about $248,000. QRG Capital Management Inc. increased 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 acquiring an additional 240 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Barnes Group in the 2nd quarter worth about $277,000. Institutional investors own 90.82% of the company's stock.

Barnes Group Stock Performance

Barnes Group stock traded down $0.02 during midday trading on Friday, reaching $46.84. The stock had a trading volume of 243,059 shares, compared to its average volume of 434,092. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2.39 billion, a PE ratio of -60.83, a P/E/G ratio of 3.36 and a beta of 1.35. Barnes Group Inc. has a 12 month low of $25.85 and a 12 month high of $47.40. The firm's 50-day moving average price is $45.39 and its 200 day moving average price is $41.51.

Analysts Set New Price Targets

Several research analysts recently issued reports on B shares. DA Davidson reaffirmed a "neutral" rating and set a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th. StockNews.com initiated coverage on shares of Barnes Group in a report on Tuesday. They set a "sell" rating on the stock. Finally, Truist Financial increased their target price on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a report on Tuesday, October 8th.

Barnes Group 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.