Tudor Investment Corp ET AL Buys 17,201 Shares of Barnes Group Inc. (NYSE:B)

Tudor Investment Corp ET AL raised its stake in Barnes Group Inc. (NYSE:B) by 170.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,310 shares of the industrial products company’s stock after buying an additional 17,201 shares during the period. Tudor Investment Corp ET AL’s holdings in Barnes Group were worth $1,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in B. Smartleaf Asset Management LLC grew its stake in Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 336 shares during the period. Vestcor Inc acquired a new position in shares of Barnes Group in the 4th quarter valued at approximately $56,000. Sterling Capital Management LLC increased its stake in Barnes Group by 820.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,463 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 1,304 shares in the last quarter. KBC Group NV increased its stake in Barnes Group by 52.4% during the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 752 shares in the last quarter. Finally, Atria Investments Inc acquired a new stake in Barnes Group during the 4th quarter worth approximately $203,000. Institutional investors own 90.82% of the company’s stock.

Barnes Group Price Performance

Shares of Barnes Group stock opened at $47.48 on Tuesday. The firm has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. The business’s 50 day simple moving average is $47.48 and its 200 day simple moving average is $47.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28. Barnes Group Inc. has a 52-week low of $33.76 and a 52-week high of $47.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Barnes Group in a research report on Monday. They set a “sell” rating for the company.

Barnes Group 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.