New York State Teachers Retirement System Sells 20,900 Shares of Barnes Group Inc. (NYSE:B)

New York State Teachers Retirement System reduced its stake in shares of Barnes Group Inc. (NYSE:B) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,227 shares of the industrial products company’s stock after selling 20,900 shares during the period. New York State Teachers Retirement System owned 0.10% of Barnes Group worth $2,468,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in Barnes Group by 9.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 548,088 shares of the industrial products company’s stock worth $22,148,000 after purchasing an additional 47,821 shares in the last quarter. Roubaix Capital LLC grew its position in Barnes Group by 0.3% in the 3rd quarter. Roubaix Capital LLC now owns 245,477 shares of the industrial products company’s stock valued at $9,920,000 after acquiring an additional 771 shares during the last quarter. QRG Capital Management Inc. grew its position in Barnes Group by 13.0% in the 3rd quarter. QRG Capital Management Inc. now owns 6,864 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 791 shares during the last quarter. Easterly Investment Partners LLC grew its position in Barnes Group by 49.1% in the 3rd quarter. Easterly Investment Partners LLC now owns 41,180 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 13,570 shares during the last quarter. Finally, Geneva Capital Management LLC lifted its holdings in shares of Barnes Group by 0.6% in the 3rd quarter. Geneva Capital Management LLC now owns 269,404 shares of the industrial products company’s stock worth $10,887,000 after buying an additional 1,509 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Barnes Group in a report on Saturday. They issued a “sell” rating for the company.

Barnes Group Price Performance

Barnes Group stock opened at $47.48 on Friday. 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 52 week low of $32.00 and a 52 week high of $47.50. The business’s 50-day moving average price is $47.35 and its 200 day moving average price is $44.51. The company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87.

About Barnes Group

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.