Quadrature Capital Ltd Takes Position in Barnes Group Inc. (NYSE:B)

Quadrature Capital Ltd bought a new stake in Barnes Group Inc. (NYSE:B) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,844 shares of the industrial products company’s stock, valued at approximately $322,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Barnes Group by 418.3% in the fourth quarter. Parallel Advisors LLC now owns 1,218 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 983 shares during the last quarter. GAMMA Investing LLC acquired a new position in Barnes Group in the fourth quarter valued at $58,000. CWM LLC lifted its stake in shares of Barnes Group by 470.7% during the fourth quarter. CWM LLC now owns 2,100 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,732 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Barnes Group by 57,362.5% during the fourth quarter. TFO Wealth Partners LLC now owns 4,597 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 4,589 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in shares of Barnes Group by 3,438.3% during the fourth quarter. Simplex Trading LLC now owns 6,543 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 6,739 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Trading Down 1.2 %

NYSE:B opened at $38.90 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.53 and a current ratio of 2.41. Barnes Group Inc. has a one year low of $18.79 and a one year high of $43.65. The business’s 50-day simple moving average is $38.17 and its 200 day simple moving average is $35.47. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 432.22, a price-to-earnings-growth ratio of 2.27 and a beta of 1.40.

Barnes Group (NYSE:B) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $430.64 million for the quarter, compared to analysts’ expectations of $425.32 million. Barnes Group had a return on equity of 5.92% and a net margin of 0.31%. As a group, sell-side analysts predict that Barnes Group Inc. will post 1.73 earnings per share for the current fiscal year.

Barnes Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, May 29th. Barnes Group’s dividend payout ratio is currently 711.11%.

Analysts Set New Price Targets

A number of brokerages have commented on B. Oppenheimer boosted their price objective on Barnes Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. DA Davidson boosted their price objective on Barnes Group from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th.

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.