Centiva Capital LP Purchases Shares of 5,244 Barnes Group Inc. (NYSE:B)

Centiva Capital LP bought a new position in Barnes Group Inc. (NYSE:B) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 5,244 shares of the industrial products company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently made changes to their positions in B. GAMMA Investing LLC lifted its stake in Barnes Group by 17.1% in the third quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 238 shares during the last quarter. SG Americas Securities LLC bought a new position in Barnes Group in the 3rd quarter valued at $178,000. Captrust Financial Advisors purchased a new position in shares of Barnes Group during the third quarter worth approximately $224,000. QRG Capital Management Inc. raised its stake in shares of Barnes Group by 4.1% during the second quarter. QRG Capital Management Inc. now owns 6,073 shares of the industrial products company’s stock valued at $251,000 after acquiring an additional 240 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Barnes Group in the third quarter worth approximately $248,000. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barnes Group Stock Performance

Shares of NYSE B opened at $47.05 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -61.10 and a beta of 1.34. Barnes Group Inc. has a 12 month low of $28.39 and a 12 month high of $47.40. The company has a 50 day simple moving average of $46.72 and a two-hundred day simple moving average of $41.90. The company has a current ratio of 2.28, a quick ratio of 1.35 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.