Intech Investment Management LLC Purchases 10,279 Shares of Barnes Group Inc. (NYSE:B)

Intech Investment Management LLC increased its position in Barnes Group Inc. (NYSE:B) by 153.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,964 shares of the industrial products company’s stock after purchasing an additional 10,279 shares during the period. Intech Investment Management LLC’s holdings in Barnes Group were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in B. Renaissance Technologies LLC boosted its position in shares of Barnes Group by 158.2% in the 2nd quarter. Renaissance Technologies LLC now owns 50,600 shares of the industrial products company’s stock worth $2,095,000 after purchasing an additional 31,000 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Barnes Group by 9.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock valued at $22,148,000 after buying an additional 47,821 shares during the last quarter. William B. Walkup & Associates Inc. bought a new stake in Barnes Group in the second quarter worth $714,000. Gabelli Funds LLC purchased a new stake in shares of Barnes Group in the second quarter worth $538,000. Finally, Jade Capital Advisors LLC bought a new position in shares of Barnes Group during the third quarter valued at $606,000. Institutional investors own 90.82% of the company’s stock.

Barnes Group Stock Performance

B opened at $46.84 on Friday. The firm has a market cap of $2.39 billion, a P/E ratio of -60.83, a PEG ratio of 3.36 and a beta of 1.35. Barnes Group Inc. has a 1-year low of $25.85 and a 1-year high of $47.40. The company has a 50 day simple moving average of $45.39 and a two-hundred day simple moving average of $41.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35.

Analyst Ratings Changes

A number of equities analysts recently weighed in on B shares. StockNews.com began coverage on shares of Barnes Group in a report on Tuesday, November 26th. They issued a “sell” rating for the company. DA Davidson reaffirmed a “neutral” rating and set a $47.50 price target (down from $52.00) on shares of Barnes Group in a report on Monday, October 7th. Finally, Truist Financial lifted their price objective on Barnes Group from $38.00 to $47.50 and gave the stock a “hold” rating in a report on Tuesday, October 8th.

Barnes Group 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.