Verition Fund Management LLC Acquires Shares of 98,359 Barnes Group Inc. (NYSE:B)

Verition Fund Management LLC acquired a new stake in shares of Barnes Group Inc. (NYSE:B) during the third quarter, Holdings Channel.com reports. The firm acquired 98,359 shares of the industrial products company’s stock, valued at approximately $3,975,000.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Barnes Group by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after buying an additional 238 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Barnes Group by 4.1% during the 2nd quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after buying an additional 240 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Barnes Group by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 44,613 shares of the industrial products company’s stock valued at $1,847,000 after buying an additional 263 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Barnes Group by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock valued at $474,000 after buying an additional 323 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Barnes Group by 3.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock valued at $469,000 after buying an additional 348 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barnes Group Trading Up 0.3 %

NYSE:B opened at $47.06 on Wednesday. Barnes Group Inc. has a one year low of $26.95 and a one year high of $47.40. 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 firm has a market cap of $2.40 billion, a P/E ratio of -61.12 and a beta of 1.34. The firm has a 50-day simple moving average of $45.54 and a 200-day simple moving average of $41.56.

Analyst Ratings Changes

A number of brokerages recently weighed in on B. Truist Financial lifted their price objective 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. DA Davidson reiterated a “neutral” rating and set a $47.50 price objective (down previously from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Finally, StockNews.com assumed coverage on shares of Barnes Group in a report on Wednesday. They issued a “sell” rating for the company.

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.