Amalgamated Bank Lowers Holdings in Barnes Group Inc. (NYSE:B)

Amalgamated Bank decreased its holdings in Barnes Group Inc. (NYSE:B) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,390 shares of the industrial products company’s stock after selling 2,057 shares during the quarter. Amalgamated Bank’s holdings in Barnes Group were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in B. GAMMA Investing LLC grew its holdings in Barnes Group by 17.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,630 shares of the industrial products company’s stock valued at $66,000 after buying an additional 238 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Barnes Group in the 1st quarter valued at about $107,000. SG Americas Securities LLC acquired a new position in shares of Barnes Group in the 3rd quarter valued at about $178,000. QRG Capital Management Inc. acquired a new position in shares of Barnes Group in the 1st quarter valued at about $217,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Barnes Group in the 1st quarter valued at about $253,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. StockNews.com assumed coverage on Barnes Group in a research report on Sunday, November 10th. They issued a “sell” rating on the stock. Finally, DA Davidson reiterated a “neutral” rating and issued a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th.

Barnes Group Stock Performance

Shares of Barnes Group stock opened at $46.68 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -60.62, a price-to-earnings-growth ratio of 3.20 and a beta of 1.35. The business has a fifty day simple moving average of $43.50 and a 200-day simple moving average of $40.87. Barnes Group Inc. has a fifty-two week low of $25.39 and a fifty-two week high of $47.40.

Barnes Group Company Profile

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.