1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its holdings in shares of Barnes Group Inc. ( NYSE:B – Free Report ) by 0.8% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 1,057,086 shares of the industrial products company’s stock after selling 8,078 shares during the quarter. Geode Capital Management LLC owned about 2.08% of Barnes Group worth $49,970,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of 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 in the last quarter. Vestcor Inc acquired a new stake in Barnes Group in the fourth quarter worth approximately $56,000. KBC Group NV boosted 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 valued at $103,000 after purchasing an additional 752 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Barnes Group during the 4th quarter valued at $203,000.
Finally, Cibc World Markets Corp bought a new stake in shares of Barnes Group in the 4th quarter worth $205,000. Institutional investors own 90.82% of the company’s stock.
Wall Street Analysts Forecast Growth Separately, StockNews.com initiated coverage on Barnes Group in a research note on Friday. They set a “sell” rating for the company.
Barnes Group Stock Performance Shares of NYSE:B opened at $47.48 on Monday. 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 stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.
32. Barnes Group Inc. has a 1-year low of $32.
65 and a 1-year high of $47.50. The company has a 50 day moving average price of $47.
48 and a 200 day moving average price of $46.89. Barnes Group Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Barnes Group Best Stocks Under $10.
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