Charles Schwab Investment Management Inc. Has $46.06 Million Stock Position in Barnes Group Inc. (NYSE:B)

Charles Schwab Investment Management Inc. raised its stake in shares of Barnes Group Inc. (NYSE:B) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 974,536 shares of the industrial products company’s stock after buying an additional 153,612 shares during the period. Charles Schwab Investment Management Inc. owned 1.91% of Barnes Group worth $46,057,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of B. Smartleaf Asset Management LLC increased its stake in shares of Barnes Group by 117.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 621 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 336 shares during the period. KBC Group NV boosted its holdings 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 acquiring an additional 752 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Barnes Group in the 3rd quarter worth approximately $212,000. Modera Wealth Management LLC acquired a new position in shares of Barnes Group in the 4th quarter worth approximately $220,000. Finally, Cable Hill Partners LLC bought a new position in Barnes Group in the 4th quarter worth approximately $223,000. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Barnes Group in a research report on Monday, March 10th. They set a “sell” rating for the company.

Barnes Group Price Performance

Shares of NYSE B opened at $47.48 on Friday. The company has a fifty day moving average price of $47.43 and a 200 day moving average price of $45.45. Barnes Group Inc. has a 1-year low of $32.00 and a 1-year high of $47.50. The company has a current ratio of 2.28, a quick ratio of 1.35 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.42 billion, a PE ratio of -61.66 and a beta of 1.32.

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.