Barnes Group Inc. (NYSE:B) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in Barnes Group Inc. (NYSE:B - Free Report) by 9.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,462 shares of the industrial products company's stock after purchasing an additional 11,279 shares during the quarter. Barclays PLC owned about 0.26% of Barnes Group worth $5,353,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of B. Renaissance Technologies LLC increased its holdings in shares of Barnes Group by 158.2% in the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company's stock valued at $2,095,000 after purchasing an additional 31,000 shares during the period. Jane Street Group LLC boosted its position in Barnes Group by 22.9% in the third quarter. Jane Street Group LLC now owns 153,917 shares of the industrial products company's stock valued at $6,220,000 after buying an additional 28,649 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company's stock worth $22,148,000 after buying an additional 47,821 shares during the period. William B. Walkup & Associates Inc. purchased a new position in Barnes Group during the 2nd quarter worth approximately $714,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Barnes Group in the 3rd quarter valued at $432,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Price Performance

Shares of NYSE:B traded up $0.03 during midday trading on Friday, hitting $47.16. The company's stock had a trading volume of 1,879,929 shares, compared to its average volume of 450,155. Barnes Group Inc. has a 12-month low of $29.67 and a 12-month high of $47.40. The company has a market cap of $2.40 billion, a P/E ratio of -61.25 and a beta of 1.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. The business's 50 day simple moving average is $46.82 and its 200 day simple moving average is $42.24.

Wall Street Analysts Forecast Growth

B has been the subject of several recent research reports. StockNews.com started coverage on Barnes Group in a research report on Friday. They set a "sell" rating for the company. DA Davidson reiterated a "neutral" rating and issued a $47.50 target price (down from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial raised their price target on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research 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.