Intech Investment Management LLC Raises Stock Position in Barnes Group Inc. (NYSE:B)

Intech Investment Management LLC boosted its position in Barnes Group Inc. (NYSE:B) by 132.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,442 shares of the industrial products company’s stock after purchasing an additional 22,478 shares during the quarter. Intech Investment Management LLC’s holdings in Barnes Group were worth $1,864,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position 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 valued at $474,000 after acquiring an additional 323 shares during the last quarter. Quest Partners LLC bought a new stake in Barnes Group during the third quarter valued at approximately $248,000. Fisher Asset Management LLC grew its stake in 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 worth $18,144,000 after buying an additional 17,643 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Barnes Group by 12.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 238,401 shares of the industrial products company’s stock worth $9,634,000 after buying an additional 26,417 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Barnes Group during the 3rd quarter valued at $1,511,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Barnes Group in a research report on Tuesday. They issued a “sell” rating for the company.

Barnes Group Stock Performance

NYSE:B opened at $47.48 on Friday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -61.66 and a beta of 1.32. The business has a 50 day moving average of $47.45 and a 200 day moving average of $45.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 1.35. Barnes Group Inc. has a 1-year low of $32.65 and a 1-year high of $47.50.

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.