Pentwater Capital Management LP Makes New $5.20 Million Investment in Barnes Group Inc. (NYSE:B)

Pentwater Capital Management LP purchased a new stake in Barnes Group Inc. (NYSE:B) in the 4th quarter, Holdings Channel reports. The firm purchased 110,000 shares of the industrial products company’s stock, valued at approximately $5,199,000.

Other hedge funds also recently made changes to their positions in the company. TIG Advisors LLC bought a new position in Barnes Group in the 4th quarter worth about $30,806,000. Tudor Investment Corp ET AL lifted its position in shares of Barnes Group by 170.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 27,310 shares of the industrial products company’s stock valued at $1,291,000 after acquiring an additional 17,201 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in Barnes Group during the 4th quarter worth about $639,000. Price T Rowe Associates Inc. MD grew its position in Barnes Group by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,672 shares of the industrial products company’s stock worth $1,734,000 after purchasing an additional 3,410 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Barnes Group by 4.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 19,530 shares of the industrial products company’s stock valued at $923,000 after purchasing an additional 851 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barnes Group Stock Performance

B stock opened at $47.48 on Tuesday. The company has a market capitalization of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a 52 week low of $33.76 and a 52 week high of $47.50. 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 company’s 50-day simple moving average is $47.48 and its 200 day simple moving average is $47.21.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Barnes Group in a report on Sunday. They issued a “sell” rating on the stock.

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.