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

XTX Topco Ltd purchased a new stake in shares of Barnes Group Inc. (NYSE:B) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 12,170 shares of the industrial products company’s stock, valued at approximately $492,000.

A number of other large investors have also recently added to or reduced their stakes in B. Renaissance Technologies LLC boosted its stake in Barnes Group by 158.2% during the second quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock worth $2,095,000 after buying an additional 31,000 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Barnes Group by 9.6% during 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 purchasing an additional 47,821 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in Barnes Group in the 2nd quarter valued at approximately $714,000. Quadrature Capital Ltd purchased a new stake in Barnes Group in the third quarter valued at approximately $432,000. Finally, Gabelli Funds LLC acquired a new position in Barnes Group during the second quarter worth $538,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barnes Group Stock Up 0.0 %

Shares of NYSE B opened at $47.07 on Friday. Barnes Group Inc. has a 12-month low of $29.60 and a 12-month high of $47.40. The stock has a market cap of $2.40 billion, a P/E ratio of -61.13 and a beta of 1.34. 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 business’s fifty day simple moving average is $46.76 and its 200-day simple moving average is $41.96.

Analysts Set New Price Targets

B has been the subject of a number of research reports. Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the company a “hold” rating in a research note on Tuesday, October 8th. StockNews.com assumed coverage on Barnes Group in a research report on Thursday. They issued a “sell” rating for the company. Finally, DA Davidson reissued a “neutral” rating and set a $47.50 price target (down previously from $52.00) on shares of Barnes Group in a research report on Monday, October 7th.

Barnes Group Company 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.