1 week Ago By Defense World Staff
Wells Fargo & Company MN raised its position in Barnes Group Inc. ( NYSE:B – Free Report ) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 29,311 shares of the industrial products company’s stock after buying an additional 5,942 shares during the period. Wells Fargo & Company MN owned 0.06% of Barnes Group worth $1,385,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Barnes Group by 117.9% during the fourth quarter.
Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after buying an additional 336 shares during the last quarter. Vestcor Inc bought a new stake in shares of Barnes Group during the fourth quarter valued at approximately $56,000. KBC Group NV grew its stake in shares of Barnes Group by 52.
4% during the fourth 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 during the last quarter. Atria Investments Inc bought a new stake in shares of Barnes Group during the fourth quarter valued at approximately $203,000.
Finally, Cibc World Markets Corp bought a new stake in shares of Barnes Group during the fourth quarter valued at approximately $205,000. 90.82% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Separately, StockNews.com assumed coverage on shares of Barnes Group in a research note on Sunday. They set a “sell” rating on the stock.
Barnes Group Price Performance Shares of B stock opened at $47.48 on Monday. Barnes Group Inc.
has a 52-week low of $33.76 and a 52-week high of $47.50.
The stock has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.
32. 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’s 50 day moving average price is $47.
48 and its two-hundred day moving average price is $47.21. 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. Further Reading Five stocks we like better than Barnes Group The Significance of Brokerage Rankings in Stock Selection Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery Retail Stocks Investing, Explained O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors How to start investing in penny stocks Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 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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