Quantbot Technologies LP Makes New $1.51 Million Investment in Barnes Group Inc. (NYSE:B)

Quantbot Technologies LP purchased a new position in Barnes Group Inc. (NYSE:B) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,396 shares of the industrial products company’s stock, valued at approximately $1,511,000.

Several other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its holdings in shares of Barnes Group by 12.5% in the third quarter. Loomis Sayles & Co. L P now owns 238,401 shares of the industrial products company’s stock worth $9,634,000 after purchasing an additional 26,417 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Barnes Group by 4.1% in the third quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock worth $18,144,000 after purchasing an additional 17,643 shares during the period. Intech Investment Management LLC increased its holdings in shares of Barnes Group by 153.8% in the third quarter. Intech Investment Management LLC now owns 16,964 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 10,279 shares during the period. Quest Partners LLC bought a new position in shares of Barnes Group in the third quarter worth $248,000. Finally, Natixis Advisors LLC increased its stake in Barnes Group by 2.8% in the third quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on B shares. StockNews.com started coverage on Barnes Group in a research note on Tuesday. They issued a “sell” rating on the stock. DA Davidson reissued a “neutral” rating and issued a $47.50 target price (down previously from $52.00) on shares of Barnes Group in a research note on Monday, October 7th. Finally, Truist Financial increased their target price on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th.

Barnes Group Stock Down 0.0 %

B opened at $46.84 on Friday. The business’s fifty day simple moving average is $45.24 and its 200 day simple moving average is $41.45. Barnes Group Inc. has a 52 week low of $25.85 and a 52 week high of $47.40. The stock has a market cap of $2.39 billion, a PE ratio of -60.86, a P/E/G ratio of 3.36 and a beta of 1.35. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

About Barnes Group

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.