Quadrature Capital Ltd acquired a new position in shares of Barnes Group Inc. (NYSE:B - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,699 shares of the industrial products company's stock, valued at approximately $432,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. bought a new position in shares of Barnes Group during the second quarter worth about $32,576,000. Simcoe Capital Management LLC acquired a new position in Barnes Group during the third quarter worth approximately $24,469,000. AYAL Capital Advisors Ltd acquired a new stake in shares of Barnes Group in the second quarter valued at approximately $12,166,000. Mason Capital Management LLC lifted its holdings in Barnes Group by 32.9% during the 2nd quarter. Mason Capital Management LLC now owns 1,050,079 shares of the industrial products company's stock valued at $43,484,000 after purchasing an additional 259,957 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Barnes Group in the third quarter valued at approximately $3,975,000. Institutional investors and hedge funds own 90.82% of the company's stock.
Wall Street Analyst Weigh In
B has been the topic of several recent analyst reports. DA Davidson reiterated a "neutral" rating and issued a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. StockNews.com initiated coverage on Barnes Group in a research note on Wednesday, December 4th. They set a "sell" rating for the company. Finally, Truist Financial lifted their price target 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.
View Our Latest Report on B
Barnes Group Stock Performance
Shares of B remained flat at $47.02 during mid-day trading on Tuesday. The stock had a trading volume of 262,852 shares, compared to its average volume of 435,769. The company has a market capitalization of $2.40 billion, a PE ratio of -61.08 and a beta of 1.34. The stock has a 50 day simple moving average of $46.26 and a 200 day simple 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 52 week low of $28.28 and a 52 week high of $47.40.
About Barnes Group
(
Free Report)
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.
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