1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its holdings in Barnes Group Inc. ( NYSE:B – Free Report ) by 280.
7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,933 shares of the industrial products company’s stock after purchasing an additional 258,748 shares during the period. JPMorgan Chase & Co.
owned about 0.69% of Barnes Group worth $16,585,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in B.
Charles Schwab Investment Management Inc. increased its holdings in Barnes Group by 18.7% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock valued at $46,057,000 after buying an additional 153,612 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Barnes Group by 2.
1% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock worth $26,455,000 after acquiring an additional 11,684 shares in the last quarter. Alpine Associates Management Inc.
bought a new stake in shares of Barnes Group in the 4th quarter valued at approximately $19,491,000. Strategic Financial Concepts LLC raised its position in shares of Barnes Group by 4,626.0% during the 4th quarter.
Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock valued at $18,179,000 after acquiring an additional 376,510 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Barnes Group by 3.
2% during the fourth quarter. Principal Financial Group Inc. now owns 222,351 shares of the industrial products company’s stock worth $10,508,000 after purchasing an additional 6,906 shares during the last quarter.
90.82% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Separately, StockNews.
com assumed coverage on shares of Barnes Group in a research note on Friday. They issued a “sell” rating on the stock. Barnes Group Stock Performance Barnes Group stock opened at $47.
48 on Friday. Barnes Group Inc. has a 52-week low of $32.
65 and a 52-week high of $47.50. The company has a debt-to-equity ratio of 0.
87, a current ratio of 2.28 and a quick ratio of 1.35.
The stock has a fifty day moving average price of $47.48 and a two-hundred day moving average price of $46.84.
The firm has a market capitalization of $2.42 billion, a P/E ratio of -61.66 and a beta of 1.
32. Barnes Group 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. Read More Receive News & Ratings for Barnes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes Group and related companies with MarketBeat.com's FREE daily email newsletter .
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