1 week Ago By ABMN Staff
Norges Bank bought a new position in Barnes Group Inc. ( NYSE:B – Free Report ) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 172,772 shares of the industrial products company’s stock, valued at approximately $8,165,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted 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 worth $46,057,000 after acquiring an additional 153,612 shares in the last quarter.
Patriot Financial Group Insurance Agency LLC boosted its stake in 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 purchasing an additional 11,684 shares in the last quarter.
Alpine Associates Management Inc. bought a new stake in Barnes Group during the 4th quarter valued at about $19,491,000. Strategic Financial Concepts LLC raised its holdings in Barnes Group by 4,626.
0% in the fourth quarter. Strategic Financial Concepts LLC now owns 384,649 shares of the industrial products company’s stock worth $18,179,000 after buying an additional 376,510 shares during the last quarter. Finally, JPMorgan Chase & Co.
lifted its stake in shares of Barnes Group by 280.7% in the fourth quarter. JPMorgan Chase & Co.
now owns 350,933 shares of the industrial products company’s stock worth $16,585,000 after buying an additional 258,748 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Wall Street Analysts Forecast Growth Separately, StockNews.com assumed coverage on shares of Barnes Group in a report on Thursday, April 3rd. They issued a “sell” rating for the company.
Barnes Group Price Performance Shares of NYSE:B opened at $47.48 on Wednesday. The business has a 50-day simple moving average of $47.
48 and a two-hundred day simple moving average of $46.67. 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 firm has a market cap of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.
32. Barnes Group Inc. has a fifty-two week low of $32.
65 and a fifty-two week high of $47.50. 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 Want to see what other hedge funds are holding B? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Barnes Group Inc. ( NYSE:B – Free Report ). 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.
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