Swiss National Bank Raises Stock Holdings in Barnes Group Inc. (NYSE:B)

Swiss National Bank raised its position in shares of Barnes Group Inc. (NYSE:B) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,000 shares of the industrial products company’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank owned 0.19% of Barnes Group worth $4,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Barnes Group by 18.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,536 shares of the industrial products company’s stock worth $46,057,000 after purchasing an additional 153,612 shares during the last quarter. Simcoe Capital Management LLC acquired a new stake in Barnes Group during the 3rd quarter worth about $24,469,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Barnes Group by 2.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 559,772 shares of the industrial products company’s stock valued at $26,455,000 after buying an additional 11,684 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Barnes Group by 4.1% in the 3rd quarter. Fisher Asset Management LLC now owns 448,991 shares of the industrial products company’s stock valued at $18,144,000 after buying an additional 17,643 shares during the period. Finally, Alpine Associates Management Inc. purchased a new stake in shares of Barnes Group in the fourth quarter worth about $19,491,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barnes Group Price Performance

B opened at $47.48 on Wednesday. The company has a fifty day moving average of $47.46 and a two-hundred day moving average of $45.95. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. Barnes Group Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $47.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.35 and a current ratio of 2.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Barnes Group in a research report on Wednesday. They set a “sell” rating for the company.

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.