XTX Topco Ltd Invests $492,000 in Barnes Group Inc. (NYSE:B)

XTX Topco Ltd acquired a new position in shares of Barnes Group Inc. (NYSE:B - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,170 shares of the industrial products company's stock, valued at approximately $492,000.

Several other hedge funds also recently modified their holdings of B. Dimensional Fund Advisors LP lifted its stake in Barnes Group by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,587,611 shares of the industrial products company's stock valued at $148,565,000 after acquiring an additional 60,152 shares during the last quarter. Mason Capital Management LLC raised its holdings in shares of Barnes Group by 32.9% in 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 period. Westwood Holdings Group Inc. acquired a new stake in Barnes Group in the 2nd quarter valued at about $32,576,000. Simcoe Capital Management LLC bought a new position in Barnes Group during the third quarter worth about $24,469,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Barnes Group by 9.6% during the third 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 last quarter. Institutional investors own 90.82% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on B. StockNews.com initiated coverage on shares of Barnes Group in a report on Thursday. They issued a "sell" rating on the stock. Truist Financial upped their price target on shares of Barnes Group from $38.00 to $47.50 and gave the company a "hold" rating in a research note on Tuesday, October 8th. Finally, DA Davidson reissued 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.

Barnes Group Price Performance

NYSE:B traded up $0.02 on Friday, hitting $47.07. The company had a trading volume of 347,563 shares, compared to its average volume of 435,772. Barnes Group Inc. has a 52 week low of $29.60 and a 52 week high of $47.40. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.13 and a beta of 1.34. The firm has a 50 day moving average of $46.76 and a two-hundred day moving average of $41.98.

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.