New York State Common Retirement Fund Trims Stake in Barnes Group Inc. (NYSE:B)

New York State Common Retirement Fund decreased its position in shares of Barnes Group Inc. (NYSE:B) by 95.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,413 shares of the industrial products company’s stock after selling 320,447 shares during the period. New York State Common Retirement Fund’s holdings in Barnes Group were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in shares of Barnes Group by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 11,733 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 323 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Barnes Group by 3.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,608 shares of the industrial products company’s stock worth $469,000 after purchasing an additional 348 shares in the last quarter. KBC Group NV boosted its position in shares of Barnes Group by 52.4% in the 4th quarter. KBC Group NV now owns 2,186 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 752 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of 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 worth $277,000 after purchasing an additional 791 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position 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 purchasing an additional 1,509 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Barnes Group in a research report on Sunday. They issued a “sell” rating on the stock.

Barnes Group Stock Performance

Shares of B opened at $47.48 on Tuesday. The stock has a market cap of $2.42 billion, a P/E 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 company has a quick ratio of 1.35, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $47.39 and its 200-day moving average price is $44.98.

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.